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Rupee falls 28 paise to 67.79 vs dollar

Press Trust of India  |  Mumbai 

The declined by 28 paise to a fresh 16-month low of 67.79 against the in early trade today amid gains in the US overseas.

Forex dealers said the strengthened against major global currencies today, having pulled up from its lowest level in more than a week as hopes for easing global trade tensions pushed US bond yields higher.

Early losses in stock markets and demand for the US from importers also weighed on the local unit, they added.

Yesterday, the had lost 18 paise to end at a fresh 16-month low of 67.51 against the US on heavy purchases and sustained fund outflows from equities.

Meanwhile, the benchmark BSE Sensex fell by 57.88 points, or 0.28 per cent, to 35,498.83 in early trade today.

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

First Published: Tue, May 15 2018. 09:35 IST