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Rupee falls to month low, closes at 82.73
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rupee weakened to a near-one-month low on Thursday as stronger-than-expected US economic data kept alive apprehension of more rate hikes by the Federal Reserve while a fall in domestic equities amid overseas outflows also exerted pressure on the local currency. The rupee settled at 82.73 per US dollar as against 82.59 per US dollar at previous close.
The domestic unit has shed 0.6% over the past couple of days, with the Reserve Bank of India stepping in to sell dollars and rein in volatility in the currency, dealers said. Thursday's closing marks the weakest for the rupee since July 7.
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