Overview

• The currency slipped 8 paise on October 3, ending near lifetime levels after touching 88.85 intraday.
• Traders cited sustained dollar buying by importers, persistent foreign fund selling, and the US visa fee issue as key pressures.
• Exchange data showed foreign institutional investors were net sellers of Rs 1,583.37 crore in equities that session.
• The rupee opened at 88.68 and has hovered around record territory since an all-time closing low of 88.80 on September 30.
• Pakistan’s open market on October 4 quoted the US dollar at Rs 282.2/282.5 and the Indian rupee at Rs 3.12/3.21.