The Indian Rupee depreciated by 0.29 percent in yesterday’s trading session on the back of strong dollar and rise in risk aversion in the domestic markets. Further, Investors remained cautious ahead of RBI bi-monthly policy.
Indian rupee tracked weakness in other Asian currencies. Benchmark stock index 50 shares Nifty Index fell by 0.37 percent to 8768.30. However, sharp downside was prevented on FII’s buying into local shares. FII’s net bought stocks worth Rs 201.13 crores yesterday as per provisional data from NSE. In Intraday Indian Rupee touched a high of 67.4375 and closed at 67.4075 against Dollar.
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