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Rupee sheds 11 paise against dollar in early trade

Press Trust of India  |  Mumbai 

The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the market on month-end demand for the American currency from importers.

dealers said a lower opening of the domestic also weighed on the rupee but the dollar's weakness against some currencies overseas capped the fall.



The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday, supported by aggressive selling of the American unit by exporters and banks.

Meanwhile, the benchmark fell 133.12 points or 0.50 per cent to 26,183.22 in early trade today.

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

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Rupee sheds 11 paise against dollar in early trade

The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand for the American currency from importers. Forex dealers said a lower opening of the domestic equity market also weighed on the rupee but the dollar's weakness against some currencies overseas capped the fall. The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday, supported by aggressive selling of the American unit by exporters and banks. Meanwhile, the benchmark BSE Sensex fell 133.12 points or 0.50 per cent to 26,183.22 in early trade today. The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the market on month-end demand for the American currency from importers.

dealers said a lower opening of the domestic also weighed on the rupee but the dollar's weakness against some currencies overseas capped the fall.

The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday, supported by aggressive selling of the American unit by exporters and banks.

Meanwhile, the benchmark fell 133.12 points or 0.50 per cent to 26,183.22 in early trade today.

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

image
Business Standard
177 22

Rupee sheds 11 paise against dollar in early trade

The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the market on month-end demand for the American currency from importers.

dealers said a lower opening of the domestic also weighed on the rupee but the dollar's weakness against some currencies overseas capped the fall.

The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday, supported by aggressive selling of the American unit by exporters and banks.

Meanwhile, the benchmark fell 133.12 points or 0.50 per cent to 26,183.22 in early trade today.

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

image
Business Standard
177 22