Rupee Falls For the Sixth Consecutive Session, Down By 4 Paise

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The Indian Rupee was weakened by 4 paise to 66.16 against the US dollar in opening trade at the interbank foreign exchange market today, amid foreign capital outflows. This is its sixth consecutive fall in a session.

Rupee Falls For the Sixth Consecutive Session, Down By 4 Paise

PTI reported that sustained demand for the American currency from importers and strengthening of the dollar against other currencies overseas, bolstered by rising US bond yields affected the domestic unit.

On Friday, the rupee closed at a 13-month low of 66.12 against the US currency crashing below the key 66 level, hit by a resurgent dollar, firming crude prices and a more hawkish tone of the Reserve Bank.

Meanwhile, the benchmark BSE Sensex rose by 78.11 points, or 0.22 percent, to 34,493.69 in early trade. On a net basis, foreign portfolio investors (FPIs) sold shares worth a net Rs 21.02 crore on Friday, provisional data showed.

Inputs from PTI

Read more about: rupee
Story first published: Monday, April 23, 2018, 10:01 [IST]
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