te Rupee weakens by 15 paise against dollar in early trade | Zee Business

Rupee weakens by 15 paise against dollar in early trade

Rupee weakens by 15 paise against dollar in early trade
A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market restricted the fall, dealers said. Image Source: Reuters

Rupee weakened by another 15 paise to 68.21 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers amid sustained foreign fund outflows.

However, a weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market restricted the fall, dealers said.

ALSO READ: Sensex up 37 points, Bharat Financial rises 4% 

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On Tuesday, the rupee had dropped by 32 paise to close at 68.06 against the US currency on month-end dollar demand from importers and banks amid persistent foreign capital outflows.

Meanwhile, the benchmark BSE Sensex was trading higher by 70.16 points, or 0.26%, at 26,283.60 in morning trade.

 

 

 

 

 

 

Written By: PTI
Updated: Wed, Dec 28, 2016
10:39 am
Mumbai , PTI
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