Tag: hariprasad m p

MUMBAI: The rupee briefly breached the 83 level to trade at 83.08/$ on Monday over fears of rising interest rates in the US. It pared some losses later in the day as RBI intervened to prevent the domestic currency from hitting a new all-time low.The rupee closed at 82.95 against the dollar, 11 paise down from Friday. The domestic unit, however, continued to be under pressure and was traded at 83.11/$ in post-market trade. The rupee had hit an all-time low of 83.29 against the dollar in October...