NCR Online Journal

The Indian Currency Slips Slightly Vs. Dollar

 Breaking News
  • No posts were found

The Indian Currency Slips Slightly Vs. Dollar

January 15
17:45 2014

rup1Mumbai, Wednesday, January 15 – The Indian currency traded a little bit feeble by 2 paise at 61.55 in opposition to the greenback just prior to the noontime trading.

In opposition to the earlier close of 61.53 following dollar requirement from importers, the rupee lost 12 paise to 61.65 a dollar in the early hours trading. Being prompted by fragility in the dollar out of the country, the domestic unit has been augmenting after dollar feebleness and dollar offloading by exporters and banks.

CPI inflation figures of the previous month unleashed a couple of days ago situated considerably down at 9.87 %, which is bottommost for the first time after September.  Wholesale price inflation figures of last month are listed for release on Wednesday.

Post observing profits in the past few sessions, the Indian currency is viewed deteriorating to some extent in opposition to the US dollar on Wednesday since the US dollar index has reinforced taking indications from better-than-probable retail sales statistics.

Related Articles