Rupee slips to a three-month low after the greenback’s sharp upward march

News Snapshot:

Asian currencies like Yuan and Won also suffered from the better-than-expected US economic data. The rupee also reversed its strong performance on Thursday, when it closed 6 paise higher. Most experts expect the Indian currency to remain volatile in the next few weeks. Advertisement Indian Rupee Jateen Trivedi VP Research Analyst LKP Securities Advertisement Rahul Kalantri Mehta Equities slipped to a three-month low on Friday, after the dollar index gained sharply on account of better-than-expected home sales data. The rupee, which opened 20 paise lower in early trade, slumped by a massive 34 paise to close at an all-time low...