te Rupee trades lower by 17 paise against dollar in early trade | Zee Business

Rupee trades lower by 17 paise against dollar in early trade

According to forex dealers, the weakness of the dollar against other currencies overseas as well as persistent foreign capital inflows restricted the rupee's loss. 

Rupee trades lower by 17 paise against dollar in early trade
Image Source: ZeeBiz WebTeam

The rupee weakened by 17 paise to 66.79 against the US dollar in early trade at the Interbank Foreign Exchange Market on sustained demand for the American currency from banks and importers amid lower domestic equities.

The weakness of the dollar against other currencies overseas as well as persistent foreign capital inflows restricted the rupee's loss, forex dealers said.

On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar on persistent demand for the American unit from banks and importers amid lower domestic equities.

Meanwhile, the benchmark Bombay Stock Exchange's (BSE) Sensex was quoting lower by 129.88 points, or 0.50%, to 25,549.05 in early trade on Tuesday. 

Updated: Tue, Apr 26, 2016
10:11 am
Mumbai , PTI
RELATED NEWS
Rupee looks to keep momentum heading into US inflation data Rupee looks to keep momentum heading into US inflation data
Rupee vs Dollar: Domestic currency jumps 10 paise to settle at 83.03 against American dollar Rupee vs Dollar: Domestic currency jumps 10 paise to settle at 83.03 against American dollar

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x