The rupee extended its winning streak for the sixth day on continued selling of the American currency by banks and exporters
It moved in a range of 66.26 and 66.36 during the day before ending at 66.35
If you opt for MCLR, be ready for frequent rise or fall in EMI or tenure
Sustained selling of the dollar by exporters supported the rupee
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
12 of 13 responded rupee to remain well within its record low level of 68.85/$
Foreign currency assets up by $387.7 mn to $329.6 bn
Lowering country's growth projections and a sharp fall in local stocks pressurised the home currency
Gains in the dollar against other global currencies weighed on the rupee
The rupee strengthened to close at 66.42 a dollar, up 0.46 per cent from its previous close of 66.73
The US Federal Reserve announced a quarter-point increase in the target range for the federal funds rate to 0.25-0.5%
Increased selling of the dollar by exporters helped the rupee
Heavy unwinding of dollars by banks and corporates along with upbeat equities supported the rupee upmove
The home currency had plunged to hit a 27-month low of 67.09 on Monday
The rupee hovered between 67.09 and 66.96 during morning trade
Weakness in the dollar against other currencies ahead of Federal Reserve's meeting, supported the rupee
The US Fed is meeting on 15-16 December to take a decision on rates
Companies expect further fall because of looming threat of rate increase by US Fed
Concerns related to capital outflows weighed on the domestic currency
The currency is trading lower by 21 paise against Friday's close of 66.88