logo
 

Rupee rebounds 27 paise in early trade

Wed 16 May 2018, 11:04:01
Mumbai: The rupee rebounded by 27 paise to 67.80 per dollar in early trade today on fresh selling of the US currency by exporters and banks.

Yesterday, the rupee had lost 56 paise -- the second biggest single-day fall of 2018 -- to end at a new 16-month low of 68.07 as panic dollar demand rattled the currency market.

Traders said the dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3 per cent reignited a rally that had lost steam last week, capped the rupee's gains.

Meanwhile, the benchmark BSE Sensex was down 176.03 points, or 0.49 per cent, to 35,367.91 in early trade today.




No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Can Indian cricket team win the five Test Match series against England?

Yes
No
Can't say