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Rupee dives 26 paise against US dollar

Press Trust of India  |  Mumbai 

The rupee tumbled by 26 paise to 64.10 against the in early trade today on increased demand for the American currency from importers and banks amid foreign fund outflows.

Besides, the dollar recovering from eight-week lows against some currencies overseas and a lower opening in the domestic equity markets weighed on the rupee, dealers said.

The rupee had lost 21 paise versus the dollar to end at 63.84 in the previous session.

Meanwhile, the benchmark down 160.05 points, or 0.50 per cent, to 31,637.79 in early trade.

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

First Published: Thu, August 10 2017. 09:57 IST