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

Aditya Birla Financial Services to enter health insurance segment

Signs MoU with South Africa's MMI Holdings

Corporate bond issuance at 7-year high in Sept

The latest data from the Sebi show companies raised around Rs 58,000 cr in Sept through private placement of bonds

RBI, FMC to discuss entry of foreign, domestic institutions in commodity futures

The Reserve Bank of India (RBI) and the Forward Markets Commission are meeting next week to consider the proposal

Back to Top