economy | IST

Rupee remains under pressure, touches 8-month low

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The rupee depreciated 17 paise to 74.75 against the US dollar in opening trade on Friday tracking weakness in other Asian currencies.

The rupee depreciated 17 paise to 74.75 against the US dollar in opening trade on Friday tracking weakness in other Asian currencies.
The rupee touches a fresh eight-month low as traders cover short dollar with bond yields below six percent for the first time in two months.
Traders also said the domestic unit is trading on a weak note as investors believe that the central bank's bond-buying plan could be bearish for the currency due to inflationary concerns.
CNBC-TV18’s Latha Venkatesh has more details
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