 "rupee")
The rupee opened 23 paise lower at 69.11 against the US dollar on Thursday amid weak global cues. The domestic unit weakened marginally by 2 paise to close at 68.88 on Wednesday on the strengthening of the American currency and robust selling in domestic equities.
The currency consolidated in a narrow range on Wednesday ahead of the important fiscal number that will be released this week. After the RBI’s first ever rupee-dollar swap auction, the rupee came under pressure, said Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services.
In the auction, RBI bought dollars totaling $5.02 billion at a premium
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