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Rupee drops 16 paise against US dollar

Press Trust of India  |  Mumbai 

The rupee dropped by 16 paise to 64.16 against the in early trade trade at the interbank exchange today on fresh buying of the American currency by importers.

Traders said the dollar's strength against some currencies overseas on expectations of an interest this year weighed on the rupee.


Yesterday, the rupee had ended four paise higher at 64.00 on fresh selling of the American currency by exporters amid heavy foreign capital outflows.

Meanwhile, the benchmark advanced by 120.62 points, or 0.37 per cent, to 32,307.03 in early trade.

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

First Published: Thu, September 14 2017. 09:57 IST
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