HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee slips against dollar on Friday
Dec-02-2022

Indian rupee concluded weaker against dollar on Friday on account of continued dollar demand from importers and banks and lackluster trend in domestic equities. Traders were concerned after data from the central bank showed that India's services exports and imports in October fell from the previous month. Services exports in October stood at $25.38 billion, down from $28.03 billion in September, while imports slipped to $13.49 billion from $16.12 billion a month earlier. On the global front, dollar was pinned near 16-week lows against a basket of major currencies on Friday ahead of key U.S. labour market data, while the yuan was set for its biggest weekly gain since China revalued its currency in 2005.

Finally, the rupee ended at 81.35 (Provisional), weaker by 9 paise from its previous close of 81.26 on Thursday. The currency touched a high and low of 81.35 and 81.08 respectively.

  RELATED NEWS >>