 "Rupee sinks to two-year low at 65.40 against dollar")
The rupee fell by 9 paise to trade at two-year low of 65.40 against dollar at the Interbank Foreign Exchange market today as the US currency strengthened overseas.
Forex dealers said apart from sustained demand for the US currency from importers and dollar's gain against other currencies overseas, lower opening in domestic equity markets put pressure on the rupee.
The rupee had plummeted by 31 paise to end at two-year low of 65.31 against the US dollar on Monday. Forex market was closed yesterday on account of Parsi New Year.
Meanwhile, the benchmark BSE Sensex dropped by 110.29 points, or 0.39%, to 27,721.25.
Forex dealers said apart from sustained demand for the US currency from importers and dollar's gain against other currencies overseas, lower opening in domestic equity markets put pressure on the rupee.
The rupee had plummeted by 31 paise to end at two-year low of 65.31 against the US dollar on Monday. Forex market was closed yesterday on account of Parsi New Year.
Meanwhile, the benchmark BSE Sensex dropped by 110.29 points, or 0.39%, to 27,721.25.
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%