Rupee logs new low amid trading glitch

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The rupee closed at a record low of Rs 83.34 against the dollar, down five paise from Thursday's close of 83.29 as RBI allowed the rupee to breach 83.30 - a level it has defended for several weeks through dollar sales.The day was also marked by an outage in one of the foreign exchange trading platforms that prevented disrupted orders. Dealers said that the fall in the rupee triggered several stop loss sales that were not going through.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fEchOqA

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