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Rupee drops 13 paise against dollar at 64.39

Press Trust of India  |  Mumbai 

The today depreciated by 13 paise to trade at 64.39 against the US on increased demand for the American from importers and banks.

Dealers said early losses in domestic equity markets and increased foreign fund outflows weighed on the

The dollar, however, was trading weak against Asian currencies after its overnight losses against the euro and the pound which capped its losses.

The moved in a range of 64.33 to 64.40 in early trade.

Yesterday, the had closed marginally up 2 paise at 64.26 against the US in line with a good recovery in equity markets.

Foreign investors sold shares worth Rs 2,297 crore on net basis yesterday.

The benchmark BSE Sensex crashed 563.51 points, or 1.63 per cent, to 33,849.65, while Nifty tanked by 178.65 points, or 1.68 per cent, to 10,398.20 in opening trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 09:45 IST
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