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Rupee declines 5 paise, hits 2-week low against US dollar

Press Trust of India  |  Mumbai 

The weakened by another 5 paise to trade at fresh two-week low of 68.93 against the US in early session today due to increased demand for the American from importers as global trade war concerns rise.

The dollar's gains against other currencies on escalating trade war worries between the and China, also impacted the sentiment, dealers said.

They said, a higher opening of the domestic equity market, however, capped the rupee's losses.

Yesterday, the dropped by 28 paise to end at 68.88 against the US on frantic demand for the US from importers and corporates.

Meanwhile, the benchmark BSE Sensex rose by 184.98 points, or 0.49 per cent, to quote an all-time high of 37,876.87 in opening trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 09:40 IST
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