Kolkata: The downward pressure on Indian rupee continued on Friday, Nov 21, with the INR trading at 88.63 against the US dollar, pulled down by a strong dollar and FII capital flows. Though the rupee showed a slight recovery this morning by 5 paise, thanks to lower crude prices and FII flows into domestic stocks, the situation seems to have changed during the course of the day with the equity markets sinking into the red. Around 3 pm, Sensex 30 was more than 380 points, or 0.45% down while Nifty 50 was about 120 points or 0.46% down.

On Thursday, Nov 20, the rupee went down 20 paise to close at 88.68 against the US dollar. The SU dollar was seen strengthening in the dollar index, which measures the strength of the American currency against a basket of six currencies. It was 0.01% at 100.09. The currencies........

© News9Live