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Rupee Hits 67-Mark, Slips 28 Paise Against Dollar

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The rupee plummeted 28 paise against the US dollar to 67.04 in trade today, due to appreciation of the American currency overseas amid foreign fund outflows.

 

The lower opening in domestic equity market also weighed on the rupee sentiment.

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Rupee Hits 67-Mark, Slips 28 Paise Against Dollar

Investors are concerned over the outcome of the 'Brexit' vote as it could have an impact on Indian currency and other currencies as well.

The worry for markets remain the fears of a gradual disintegration of the EU, should Britain leave the EU.

On Friday, the local currency ended 5 paise lower at 66.76 a dollar on persistent demand for the US dollar from banks and importers and weakness in equities, reports PTI.

Meanwhile, the benchmark BSE Sensex fell by 263.24 points or 0.98 per cent to 26,372.51 in the trade.

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