RTTN:Indian Rupee Slides To 6-day Low Against US Dollar
(RTTNews) - The Indian rupee fell sharply against its US counterpart at the end of the domestic trading as the latter firmed up against the euro on diminishing risk-appetite ahead of tomorrow's crucial European Central Bank rate decision and the 2-day Eurozone summit.
Local shares trimmed their early morning gains and increasing dollar demand from oil importers also kept the rupee lower, falling to a 6-day low of 51.7250. Immediate support for the rupee could be around the 52.0 level.
The benchmark indexes Sensex and the broader Nifty closed well off session highs, as the government's inability to implement key policy reforms in retail prompted investors to book profits at higher levels.
The benchmark 30-share Sensex rose to a high of 17,004 in the afternoon before paring gains and ending up 72 points or 0.43 percent at 16,877. The 50-share Nifty index closed at 5,063, up 23 points or 0.47 percent from its previous close.
