The rupee ended at Rs 60.14 a dollar compared with previous close of Rs 60.13 on Monday
The rupee ended at Rs 60.14 per dollar compared with previous close of Rs 60.13 on Monday
Traders also said some defence-related dollar demand pushed USD/INR higher.
Much of Chandra Shekhar Ghosh's success boils down to Bandhan's unparalleled reach in rural areas. Can this model bring him success in his new venture?
At the Interbank Foreign Exchange (Forex) market, the local unit resumed strong at 59.90 a dollar from last weekend's close of 60.08
Making a propitious start
Rupee's fall was further accelerated as shares fell for a third straight day retreating from record highs hit last week
Buy on dips strategy is likely to play out on high probability of short covering given the magnitude of sell off in government bonds
The country's forex reserves rose to $303.67 billion as of March 28 from $298.64 billion in the previous week
Latest data shows that foreign exchange reserves near December 9, 2011 level
The partially convertible rupee closed at 60.08/09 per dollar compared to 60.1650/1750 on Thursday
Weak domestic shares also hurt the rupee
Strategists in Modi's BJP suggest they would prefer to have one of their own at the helm of the RBI
What sets Bandhan apart is the roots it has in the world of the rural poor
The rupee, meanwhile, dropped to its lowest in a week
Exporters said, marine products exports may touch about $ four billion in the 2013-14
The partially convertible rupee closed at 60.165/175 per dollar, compared with its previous close of 59.90/91 close