The rupee has fallen 4% so far this year, while foreign investors have bought $1.53 billion and sold $613.40 million in equity and debt markets, respectively. Photo: MintMumbai: The Indian rupee on Monday weakened for the sixth consecutive session, its longest losing streak since May 2016, as foreign investors continued to liquidate in the local equity and debt markets. The rupee opened at 66.22 and touched a low of 66.49 a dollar—a level last seen on 10 March 2017. So far this year, the rupee has fallen 4%, while foreign investors have bought $1.53 billion and sold $613.40 million in equity and debt markets, respectively. The dollar index, which measures the US currency’s strength against major currencies, was trading at 90.395, up 0.09% from its previous close of 90.316.

Source: Mint April 23, 2018 03:45 UTC