The rupee on Tuesday saw a marginal two paise increase in its value at 64.33 a dollar, still holding its highest level in over a month against the US currency which hit multi-month lows against rivals. This is the highest closing for the domestic currency since June 14, when it had hit 64.30. A massive sell-off in local equities largely kept forex market sentiment little shaky despite the sluggish dollar tone overseas even as emerging market currencies remained subdued.

(This article was published on July 18, 2017)
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