Rupee down 5 paise, stronger equities contain fall

Image
Press Trust of India Mumbai
Last Updated : Nov 07 2016 | 10:22 AM IST
The rupee weakened by 5 paise to 66.75 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh demand for the American currency from importers.
Forex dealers said strength in the dollar against some other currencies overseas after FBI said Hillary Clinton would not face criminal charges over her use of a private email server, easing worries over her US presidential bid, weighed on the rupee but a higher opening in the domestic equities cushioned the impact.
The rupee had recovered by five paise against the US currency to end at 66.70 in Friday's trade on strong dollar selling by banks and exporters even as stock markets continued to decline.
The benchmark BSE Sensex soared by 317 points or 1.16 per cent to 27,591.15 in early trade today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Nov 07 2016 | 10:22 AM IST

Next Story