Indian Rupee Slides To 1-Week Low Against US Dollar, Down 11 Paise

The rupee lost further ground to end at a fresh one-week low of 68.24, depreciating by 11 paise against the US currency on increased dollar demand amid global policy uncertainties.

The ongoing trade turmoil between the world's two largest economies, the US and China, continued to roil forex market sentiment.

A marked increase in month-end dollar demand from corporates and importers along with sluggish domestic equities predominantly weighed on the trading front.

Steady capital outflows and a modest rise in crude prices also added some pressure on local currency.

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