Rupee softens 6 paise against dollar, US jobs data play out

Image
Press Trust of India Mumbai
Last Updated : Aug 08 2016 | 9:48 AM IST
The rupee weakened 6 paise to 66.83 against the US dollar in early trade at the Interbank Foreign Exchange today following fresh demand for the American currency from banks and importers.
Moreover, the US dollar's gains against some currencies overseas on strong jobs data put the rupee on the backfoot, forex dealers said.
However, a higher opening of the domestic equity market capped the rupee's losses.
The rupee had strengthened further by 14 paise to end at 66.77 against the US currency on Friday on the back of sustained dollar selling by exporters amid weak overseas signals.
Meanwhile, the benchmark BSE Sensex rose further by 136.83 points, or 0.48 per cent, to 28,215.18 in early trade.
*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: Aug 08 2016 | 9:48 AM IST

Next Story