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Rupee falls

By The Assam Tribune
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MUMBAI, June 24 - Britain�s decision to opt out of the European Union (Brexit) exerted pressure on the rupee, even as a likely intervention by the country�s central bank tried to arrest the steep fall on Friday.

The Indian rupee weakened by 71 paise to 67.96-97 against a US dollar from its previous close of 67.25-26 to a greenback. It took a major beating during the intra-day trade.

The Indian currency dived over 1.4 per cent to an intra-day low of 68.22 to a US dollar. Just around that time, the pound sterling dropped 11 per cent to its lowest level in more than three decades to $1.3224. It could not recoup much.

The pound sterling also weakened against the Indian rupee, it was down Rs 93.08 to a pound from its previous close of Rs 100.

The Reserve Bank of India�s (RBI) reference rate for the US dollar was pegged at Rs 68.01, euro at Rs 75.10, British pound at Rs 92.95 and 100 yen at Rs 66.45. � IANS

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Rupee falls

MUMBAI, June 24 - Britain�s decision to opt out of the European Union (Brexit) exerted pressure on the rupee, even as a likely intervention by the country�s central bank tried to arrest the steep fall on Friday.

The Indian rupee weakened by 71 paise to 67.96-97 against a US dollar from its previous close of 67.25-26 to a greenback. It took a major beating during the intra-day trade.

The Indian currency dived over 1.4 per cent to an intra-day low of 68.22 to a US dollar. Just around that time, the pound sterling dropped 11 per cent to its lowest level in more than three decades to $1.3224. It could not recoup much.

The pound sterling also weakened against the Indian rupee, it was down Rs 93.08 to a pound from its previous close of Rs 100.

The Reserve Bank of India�s (RBI) reference rate for the US dollar was pegged at Rs 68.01, euro at Rs 75.10, British pound at Rs 92.95 and 100 yen at Rs 66.45. � IANS

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