Rupee hits near 5-yr low of 68.80 a dollar on macro worries
Mumbai, Jul 2 (DIN NEWS) The battered rupee today suffered yet another blow by plunging 34 paise to end at a near five-year low of 68.80 against the buoyant US dollar in the midst of weak global trends and concerns on macro-economic front. This is the level last seen on 28 August, 2013. With very little chance of RBI intervention, panic dollar demand from importers and speculative traders sent the home currency sinking to a low of 68.81 in late afternoon deals. Although the initial gains had been short-lived. It…
Read More