Mumbai: The Indian rupee closed in to its lowest level in a month as dollar gained strength globally and stocks wilt, say dealers. The rupee-dollar pair was trading at 54.82/83, its lowest level since 7 March, versus 54.43/44 close on Wednesday.
The rupee broke its 200 daily moving average (DMA) resistance which was at 54.51. The equity benchmark Sensex was also down 1.4% around noon on Thursday.
The dollar index rose to an eight-month high on Thursday, pushed higher by gains against the yen and the euro after aggressive monetary easing steps from the Bank of Japan and weak euro zone business activity data.
