Amid FII outflow, Rupee falls 12 paise to settle at 86.47 against dollar

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Amid FII outflow, Rupee falls 12 paise to settle at 86.47 against dollar - Business Standard

Quick Summary:

The rupee declined 12 paise to settle at 86.47 (provisional) against the US dollar on Thursday amid the strengthening American currency and continuous outflow of foreign funds.

Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee declined on a strong US dollar and recovery in the US treasury yields.

However, positive domestic equity markets and lower crude oil prices supported the Indian currency at lower level, forex traders said.