Rupee down 38 paise against dollar in early trade

Rupee down 38 paise against dollar in early trade
The rupee fell sharply by 38 paise to 61.60 against the US dollar in early trade at the Interbank Foreign Exchange market on Friday on demand for the American currency from importers amidst its higher value overseas.

Forex dealers said besides the dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.

On Thursday, the rupee strengthened by 27 paise to close at 61.22 against the US currency following suspected RBI intervention and dollar selling by exporters.


Read more about: paise, dollar
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?