Forex: The Indian rupee continued to decline against the American currency
The Indian rupee continued to decline against the American currency for the fifth consecutive week by slipping another 34 paise to close at 66.10 per dollar on persistent dollar demand from banks and importers amid sustained foreign capital outflows coupled with higher dollar overseas. Disappointing IIP numbers and rising retail inflation affected the rupee value against the dollar.
The Indian rupee continued to decline against the American currency for the fifth consecutive week by slipping another 34 paise to close at 66.10 per dollar on persistent dollar demand from banks and importers amid sustained foreign capital outflows coupled with higher dollar overseas. Disappointing IIP numbers and rising retail inflation affected the rupee value against the dollar.
