For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee down 18 paise Vs dollar in early trade

By Super
|

Mumbai: The rupee today lost 18 paise to 59.22 against the dollar in early trade at the Interbank Foreign Exchange market due to month-end demand of the US currency from banks and importers, ahead of RBI's policy review tomorrow. Forex dealers said increased demand for the American currency ahead of the RBI's policy review tomorrow and a weak opening in the domestic equity put pressure on the rupee but dollar's weakness against other currencies in the global market capped the fall.

 

The domestic currency had gained seven paise to close at one-month high of 59.04 against the dollar on Friday as the RBI's liquidity-tightening measures continued to lend support. Meanwhile, the BSE benchmark Sensex fell 39.37 points, or 0.19 per cent, at 19,708.82 in early trade today.

PTI

Read more about: dollar
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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