 "Rupee weakens 18 paise against dollar")
The rupee depreciated by 18 paise to 66.28 against the US dollar at the Interbank Foreign Exchange in early trade today due to fresh dollar demand from importers.
The dollar strengthened against major world currencies overseas which impacted the rupee sentiment, dealers said.
The rupee weakened due to fresh demand for the dollar from importers and domestic equity markets opening with losses.
Meanwhile, the benchmark Sensex plunged by 312.59 points, or 1.20%, to 25,719.79 in early trade.
The dollar strengthened against major world currencies overseas which impacted the rupee sentiment, dealers said.
The rupee weakened due to fresh demand for the dollar from importers and domestic equity markets opening with losses.
Also Read
The rupee had appreciated by 55 paise, its biggest single-day gain in over seven months to close at 66.10 against the US dollar in yesterday's trade on heavy selling of greenback by exporters and banks.
Meanwhile, the benchmark Sensex plunged by 312.59 points, or 1.20%, to 25,719.79 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%