 "Rupee weakens 10 paise to 66.36 against dollar")
Rupee depreciated by 10 paise to 66.36 against the US currency in early trade today at the Interbank Foreign Exchange due to increased demand for the dollar from importers.
Dealers attributed the rupee's fall to increased demand for the US currency but a higher opening of the domestic equity market and the dollar's weakness against some currencies overseas, capped the losses.
The rupee had gained 11 paise to close at a fresh three-month high of 66.26 on Thursday on persistent selling of US dollars by banks and exporters in view of sustained foreign capital inflows.
Meanwhile, the benchmark BSE Sensex advanced by 132.46 points or 0.52% to 25,402.10 in early trade.
Dealers attributed the rupee's fall to increased demand for the US currency but a higher opening of the domestic equity market and the dollar's weakness against some currencies overseas, capped the losses.
The rupee had gained 11 paise to close at a fresh three-month high of 66.26 on Thursday on persistent selling of US dollars by banks and exporters in view of sustained foreign capital inflows.
Also Read
Forex market remained closed on Friday for annual account closing.
Meanwhile, the benchmark BSE Sensex advanced by 132.46 points or 0.52% to 25,402.10 in early trade.
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%