Rupee weakens by 20 paise to close at 39.75 against Dollar

Indian Rupee ended the day at 39.75 levels, 20 paise lower than the previous close of 39.55 levels on Wednesday.The downside on the Rupee was due the extreme volatility present in the forex markets along with the 717 point dip on the BSE Sensex.

The Rupee ovened today stronger at Rs 39.45 levels and rise up to 39.60 during the day. But the Rupee was not able to maintain its early gains because of the huge crash in the Sensex and the local currency at one point slip to 39.88 levels. Rupee depreciated by 1% in the past two days against the Dollar this is mainly becauses the concerns of capital outflow, along with the stock markets falling.

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