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Rupee softens 14 paise against dollar

Press Trust of India  |  Mumbai 

The weakened 14 paise to trade at 63.74 against the in morning session today at the Foreign Exchange on increased demand for the American from banks and importers.

Foreign fund outflows and rising prices also weighed on the sentiment.

prices were ruling at around three-year high levels, putting pressure on the as is a major importer.

A higher opening in domestic equity markets and the dollar's weakness against other currencies overseas kept the losses limited.

Yesterday, the rupee had bounced back to end higher by 11 paise at 63.60 against the US on bouts of selling by exporters and corporates.

Meanwhile, the benchmark edged higher by 51.78 points or 0.15 per cent to 34,484.85 in opening trade.

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

First Published: Thu, January 11 2018. 09:45 IST