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indian rupee

Sliding around, the Indian rupee plunged by 3 paise to 73.64 versus the US dollar on Friday.

The rupee fell since the demand of importers for the American currency has increased.

Besides constant demand of the American currency from importers, a sink in the domestic equity markets in the opening trade also mull over on the local unit, according to traders.

However, the losses in the Indian rupee were partial as the greenback weakened contrary to some currencies overseas.

On Thursday, the Foreign Exchange market remained closed on account of “Dussehra”.

The domestic currency had closed lower by 13 paise to 73.61 against the greenback on Wednesday.

Meanwhile, the S&P BSE Sensex traded low at 411.85 points or 1.18% to 34,367.73 while the broader Nifty dropped to 136 points or 1.30% to trade at 10,317.05.

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