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Rupee hits 3-week low, slips 36 paise to 67.98 against dollar

The dollar strengthening against other currencies overseas as the European Central Bank pledged to leave interest rates unchanged until mid-2019, weighed on the rupee

Press Trust of India  |  Mumbai 

rupee & dollar

The plunged by 36 paise to hit a three-week low of 67.98 against the US in early trade today following strong demand for the greenback amid sustained foreign capital outflows.

Besides, the strengthening against other currencies overseas as the (ECB) pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.

(FPIs) sold shares worth Rs 1,372.84 crore yesterday, as per provisional data issued by the stock exchanges.

Yesterday, the had gained 3 paise to end at 67.62 against the US currency, cutting short its two-day decline.

Meanwhile, the benchmark rose by 66.25 points, or 0.18 per cent, to 35,666.07 in early trade today.

First Published: Fri, June 15 2018. 10:14 IST
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