Rupee loses more ground, weaker by 11 paise against dollar
Sustained bouts of dollar demand from banks and importers amid volatile equities affected the rupee
 "A money lender counts rupee currency notes at his shop in Ahmedabad")
A money lender counts rupee currency notes at his shop in Ahmedabad
The Indian rupee depreciated further from its initial losses by 11 paise to 66.44 in late-morning deals on sustained bouts of dollar demand from banks and importers amid volatile equities.
The domestic unit resumed lower at 66.35 per dollar as against yesterday's closing of 66.33 at the Interbank Foreign Exchange (Forex) market.
It hovered in a range of 66.44 to 66.33 during the morning deals before quoting at 66.45 per dollar at 1102 hours.
Overseas, in New York, the US dollar ended lower against its major rivals late yesterday as investors wagered that the Federal Reserve will keep key interest rates unchanged this month, but fears that the central bank might surprise the market played on investors' minds.
The dollar index is currently down 0.04% at 95.23 against a basket of six currencies.
Meanwhile, the benchmark BSE Sensex was trading lower by 49.19 points, or 0.19%, at 25,807.51 at 1105 hours.
The domestic unit resumed lower at 66.35 per dollar as against yesterday's closing of 66.33 at the Interbank Foreign Exchange (Forex) market.
It hovered in a range of 66.44 to 66.33 during the morning deals before quoting at 66.45 per dollar at 1102 hours.
Overseas, in New York, the US dollar ended lower against its major rivals late yesterday as investors wagered that the Federal Reserve will keep key interest rates unchanged this month, but fears that the central bank might surprise the market played on investors' minds.
The dollar index is currently down 0.04% at 95.23 against a basket of six currencies.
Meanwhile, the benchmark BSE Sensex was trading lower by 49.19 points, or 0.19%, at 25,807.51 at 1105 hours.
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First Published: Sep 15 2015 | 11:22 AM IST