 "Rupee down 13 paise to 66.7 against dollar")
The rupee fell by 13 paise to 66.72 against the dollar in early trade today due to fresh demand for the American currency from importers.
Gains in the dollar against major global currencies, bolstered by Federal Reserve Chair Janet Yellen's signal that the US economy looks strong enough for an interest rate hike this month and a lower opening in domestic equity markets, weighed on the rupee, dealers said.
The rupee had dropped 10 paise to end at 66.59 in yesterday's trade on renewed demand for the dollar from banks and importers amid higher greenback overseas.
Meanwhile, the benchmark BSE Sensex fell by 103.16 points, or 0.39%, to 26,014.69 in early trade today.
Gains in the dollar against major global currencies, bolstered by Federal Reserve Chair Janet Yellen's signal that the US economy looks strong enough for an interest rate hike this month and a lower opening in domestic equity markets, weighed on the rupee, dealers said.
The rupee had dropped 10 paise to end at 66.59 in yesterday's trade on renewed demand for the dollar from banks and importers amid higher greenback overseas.
Meanwhile, the benchmark BSE Sensex fell by 103.16 points, or 0.39%, to 26,014.69 in early trade today.
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%