Rupee down 18 paise against dollar

Posted By: Staff
Subscribe to GoodReturns

The rupee today fell by 18 paise to 56.29 against the US dollar in early trade at the Interbank Foreign Exchange market, extending its losing streak for the fourth straight session as the American currency gained strength against other currencies overseas.

Forex dealers said besides dollar's gains against euro in the overseas markets on worsening euro-zone debt crisis amid growing fears that Spain may need a full bailout, a weak opening in the stock market also put pressure on the local unit. The rupee had ended lower by 14 paise at 56.11 against the dollar yesterday due to continued dollar buying by importers. Meanwhile, the BSE benchmark Sensex fell by 68.24 points, or 0.40 per cent, at 16,849.84 in early trade.


Read more about: currency
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'