logo
 

Rupee softens 14 paise against US dollar

Mon 07 Aug 2017, 10:45:57
The rupee weakened 14 paise to 63.72 against the US dollar in early trade at the Interbank Foreign Exchange today, following fresh demand for the American currency from banks and importers.

Moreover, the US dollar's gains against some currencies overseas on strong jobs data put the rupee on backfoot, forex dealers said.However, a higher opening of the domestic



equity market capped the rupee's losses.

The rupee had strengthened by 11 paise to end at a fresh two-year high of 63.58 against the US currency on Friday even as panic dollar unwinding continued.

Meanwhile, the benchmark BSE Sensex rose further by 61.11 points, or 0.18 per cent, to 32,386.52 in early trade.


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

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think Ruturaj Gaikwad would be a good captain for Chennai Super Kings?

Yes
No
Can't Say