Rupee skids from 2-1/2 year high, down 5 paise
Ending its four-session rise, the rupee today retreated from its multi-year high and ended marginally lower by 5 paise at 63.53 against the US currency on fresh bouts of dollar demand from importers and banks. However, a stream of robust capital inflows from foreign investors and large corporates largely limited the fall. In the last four-day surge, the Indian currency had strengthened by a whopping 67 paise against the dollar. The rupee yesterday ended at a nearly 2-1/2 year high even as speculative traders turned little cautious, a dealer commented.…
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