Tag: chinese yuan

MUMBAI: The rupee declined by 10 paise on Wednesday to end at 83.14 against the dollar - just 1 paise short of its all-time closing low of 83.15. However, forex dealers are not bearish on the local currency."These are good levels to sell the dollar because the lifetime low (intraday) was 83.17 this year and 83.25 last year. I am advising exporters to sell," said K N Dey, managing partner, United Financial Consultants. The rupee had closed at a lifetime low of 83.15 on August 17.According to Dey,...