Rupee Undergoes Significant Losses Against All Main Currencies

Due to importers’ desire for dollars, the rupee declined for a third straight session, breaking the 152-level barrier.

The rupee decreased 0.16 percent from the previous closing of 152.99 to close at 153.24 against the dollar on the interbank market. Since the new economic team tries to increase exports, “we expect the rupee to decline further in the coming months,” said the dealer.

KR lost 0.78 paisas vs the Euro, 0.21 paisas against the Pound Sterling (GBP), 0.63 paisas against the Australian Dollar (AUD), and 0.05 rupees against the Canadian Dollar (CAD).

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