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.

/p>
Read more on:   
|
|
|
|
|
|
|
|
|
|
|
|
|

Rupee tumbles 43 paise, at 55.75/dollar

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

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

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.

image

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 ...

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

SBBJ cuts base rate by 15 bps to 10.10%

The new revised rate will be effective from May 06

Jan Suraksha: Claim servicing may be a challenge

The plans have a cover of Rs 2 lakh each, with a premium of only Rs 12 a year for accident insurance and Rs 330 for the life product

IDFC keen on Masala Bonds, if allowed

Plans to increase provisioning till the transition to a bank

Back to Top