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Rupee softens 5 paise against dollar, hits fresh 5-month low

Press Trust of India  |  Mumbai 

The shed 5 paise to hit a fresh five-month low of 65.36 against the US in early trade today following increased demand for the American from banks and importers.

Investors are cautious ahead of consumer price inflation data due later in the day.

Moreover, the US dollar's gains against some currencies overseas, on surging and growing geopolitical uncertainties, weighed on the domestic unit, forex dealers said.

However, a higher opening of the domestic equity market capped the rupee's fall.

The benchmark BSE Sensex regained 34k level rose by 62.38 points, or 0.18 per cent, to 34,002.82 in the opening trade.

Yesterday, the had lost 32 paise to hit a fresh five-month low of 65.31 against the US

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

First Published: Thu, April 12 2018. 09:35 IST