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Rupee drops 29 paise against dollar at 64.36

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Business Finance

Press Trust of India  |  Mumbai 

The rupee today dropped by 29 paise to trade at 64.36 against the US dollar on frenetic dollar demand from importers and banks.

Dealers said early losses in domestic equity markets and fresh foreign fund outflows weighed on the rupee.

Yesterday, the rupee had ended with a mere fall of one paisa at Rs 64.07 against the American currency.

The benchmark BSE Sensex crashed by 1,274.35 points, or 3.66 per cent, to 33,482.81, while Nifty tanked by 390.25 points, or 3.65 per cent, to 10,276.30 in opening trade.

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

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First Published: Tue, February 06 2018. 09:45 IST
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