 "Rupee weakens 10 paise against dollar")
The rupee lost 10 paise against the US dollar at 64.16 in early trade today, extending its weakness for the third straight day at the Interbank Foreign Exchange, due to sustained demand for the US currency from importers amid capital outflows.
Forex dealers attributed the rupee's fall to continued demand for the dollar from importers and euro's weakness against the American currency after negotiations between Greece and its creditors broke off.
Besides, a lower opening of the domestic equity market put pressure on the rupee, they said.
Meanwhile, the benchmark BSE Sensex fell 117.46 points, or 0.44%, to 26,307.84 in early trade today.
Forex dealers attributed the rupee's fall to continued demand for the dollar from importers and euro's weakness against the American currency after negotiations between Greece and its creditors broke off.
Besides, a lower opening of the domestic equity market put pressure on the rupee, they said.
Also Read
The rupee had depreciated 9 paise to close at 64.06 against the US currency in the previous session on Friday.
Meanwhile, the benchmark BSE Sensex fell 117.46 points, or 0.44%, to 26,307.84 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%