Millennium Post

Re slips 19p to 57.98 per $

MAfter taking a respite for a day, the Indian rupee continued its downward slide and on  Thursday closed down by 19 paise at 57.98 against the Greenback on weak local equities amid sustained capital outflows, despite recovering major part of its early losses.

Fresh dollar demand from importers and some banks also weighed on the rupee while weak $ overseas restricted the rupee fall to some extent, a forex dealer said.
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