Rupee settles 4 paise lower at 83.50 against U.S. dollar
The rupee stayed range-bound and settled 4 paise lower at 83.50 (provisional) against the U.S. dollar on May 16, weighed down by unabated foreign fund outflows amid investors’ weak appetite for riskier assets. However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said. The rupee remains under…
Read More “Rupee settles 4 paise lower at 83.50 against U.S. dollar” »

