Rupee Weakens Amid Increased Dollar Demand and Exporter Slowdown

The rupee weakened on Monday, closing at 278.7 per dollar in the interbank market, down from 278.56 in the previous session. The dip is attributed to higher dollar demand from importers and a slowdown in dollar conversion by exporters, according to market dealers. In the open market, the rupee also saw a decline, trading at … Read more