 "Rupee rebounds 12 paise against dollar in early trade")
The rupee shook off some of its earlier weakness and recovered 12 paise to 67.84 against the dollar today on increased selling of the US currency by banks and exporters.
A lower opening in the domestic stock market and dollar's strength against some currencies overseas poured cold water on the rupee's gain, dealers said.
The rupee, hit by the Brexit panic wave, had plunged as much as 71 paise to end at a four-month low of 67.96 on Friday on fresh demand for the US currency as the latter rose overseas amid a sharp fall in equities across the globe.
Meanwhile, the benchmark BSE Sensex fell further by 98.84 points, or 0.37%, to 26,298.87 in early trade.
A lower opening in the domestic stock market and dollar's strength against some currencies overseas poured cold water on the rupee's gain, dealers said.
The rupee, hit by the Brexit panic wave, had plunged as much as 71 paise to end at a four-month low of 67.96 on Friday on fresh demand for the US currency as the latter rose overseas amid a sharp fall in equities across the globe.
Meanwhile, the benchmark BSE Sensex fell further by 98.84 points, or 0.37%, to 26,298.87 in early trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%