Monday, 29 January 2018

Rupee weakens against US dollar in opening trade


The Indian rupee on Tuesday weakened against the US dollar ahead of the key domestic as well as global events due later this week.
The rupee opened at 63.69 a dollar. At 9.15am, the home currency was trading at 63.69 a dollar, down 0.14% from its Monday’s close of 63.59.

Domestically, all eyes are on the last budget before 2019 general elections that will be presented on 1 February. The government on Monday indicated that a “pause” in fiscal consolidation cannot be ruled out in fiscal year 2018.

Read More:- Currency Updates

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