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Rupee weakens 20 paise to 65.36 against dollar

Press Trust of India  |  Mumbai 

The rupee lost 20 paise to 65.36 against the dollar today on fears that the rate decision of the Council will have a implication of Rs 20,000 crore annually.

The American currency overseas rose amid fresh foreign funds outflows.

Dealers also attributed the rupee's fall to increased demand for the US currency from importers and banks.

However, a higher opening in the domestic capped the losses.

On Friday, the rupee had ended down 22 paise to end at a fresh one-month low of 65.16 against the due to frantic demand for the American unit from importers and corporates.

Foreign investors had pulled out around Rs 529 crore from equity markets on Friday.

Meanwhile, the benchmark rose 102.74 points, or 0.30 per cent, to 33,417.30 in early trade.

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

First Published: Mon, November 13 2017. 09:57 IST