Tag Archives: devaluation

Rupee hits 2-week low at 67.02 on devaluation reports

The rupee, on Thursday, ended below the psychological 67-mark, falling 13 paise to hit over two-week low, on renewed demand for the US dollar amid reports that the commerce ministry might propose devaluation of the domestic currency to give a fillip to the exports sector. To end the day, the rupee settled at 67.02 against the American currency – its Read More