For Quick Alerts
For Daily Alerts

Rupee breaches 55-level against dollar; down 19 paise

By Super
Rupee breaches 55-level against dollar; down 19 paise
The rupee lost 19 paise to hit a fresh two-month low of 55.07 against the US dollar in early trade today at the Interbank Foreign Exchange market on continued demand for the American currency from importers.

Forex dealers attributed the decline in rupee's value for the fourth trading day in a row to weakness in local equities amid fresh capital outflows. The BSE benchmark Sensex fell by 167.54 points, or 0.90 per cent, to 18,451.33 in early trade.

The rupee lost 13 paise to close at a two-month low of 54.88 against the US dollar in the previous session on Monday. The forex and money markets remained closed on Tuesday and Wednesday on account of "Diwali".


Read more about: currency
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more