Business Standard

Rupee tumbles 43 paise, at 55.75/dollar

Strengthening of dollar overseas on concerns over Spain's borrowing costs weigh on rupee sentiment

Related News

The fell by 43 paise to trade at 55.75, its lowest since July 13 against the in today at the Interbank Foreign Exchange as the American currency strengthened against and other currencies in the overseas market.

Dealers said apart from strengthening of dollar overseas on fresh concerns over Spain's and the fate of the euro zone, a weak opening in the domestic equity market weighed on the rupee sentiment.

Meanwhile, the Sensex fell by 153.64 points, or 0.90%, at 17,004.80.

The rupee had lost 20 paise to close at 55.32 against the US currency in Friday's trade on weakness in local amid a firm dollar overseas as the problems resurfaced.

Read more on:   
|
|
|
|
|
|
|
|
|
|
|
|
|

Read More

Rupee pares initial gains, still up 3 paise at 55.55/dollar

The rupee pared its initial gains to trade higher marginally by 3 paise to 55.55 against the American currency in the late morning trade on fresh ...

Quick Links

More news from Finance Rss icon

ING deal precursor to 'Achche Din': Uday Kotak

Says the Rs 15,000-crore merger will create a world-class financial institution of size and scale

RBI asks banks to be cautious on inoperative account payments

Also asked banks to carry out proper due diligence in accordance with risk category of the customers

Retail bond issuance preferred route of fund raising for NBFCs despite costs

Muthoot Finance is planning to raise Rs 400 cr by public issue of bonds

Back to Top