archiveindian express

The rupee witnessed high volatility in morning trade on Wednesday, as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors to take the cautious path. Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank foreign exchange, the rupee opened at 86.56, and fell to a low of 86.71 against the greenback in a highly volatile morning session. On Tuesday, the rupee fell 13 paise to 86.58...