347 647 9001+1 714 797 8196Request a Call
Call Me

Indian Rupee falls again!

December 30, 2014
, ,

Indian Rupee declined by ten paise, continuing the losses for the fourth straight session. It logged a 13-month low, closing at 63.67 against the US dollar following sustained demand for dollar from importers.

This fall comes despite certain restriction in the fall from firm local equities, fresh capital inflows and some weakness in dollar overseas.

At the Interbank Foreign Exchange (Forex) market, the Indian rupee commenced lower at 63.66 a dollar from last Friday’s close of 63.57.

Rupee was later trapped in a narrow range of 63.62 and 63.71 before concluding at 63.67, a fall of 10 paise or 0.16 per cent. This is the weakest close since 63.71 on November 12, 2013.

According to a latest report by HSBC, Asian currencies are expected to weaken against the USD in 2015, but Indian Rupee would be more resilient than its Asian counterparts.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to and we will rectify it.

Popular Blogs: Whatsapp Revenue Model | CFA vs CPA | CMA vs CPA | ACCA vs CPA | CFA vs FRM

Post ID = 69170