GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

Rupee in Free Fall, Slides 21 Paise to New 9-Month Low

Extending losses for the fourth session, the rupee weakened by 21 paise to trade at fresh 9-month low of 68.46 against the US dollar in early trade on Wednesday.

Press Trust Of India

Updated:November 23, 2016, 10:10 AM IST
facebookTwittergoogleskypewhatsapp
Rupee in Free Fall, Slides 21 Paise to New 9-Month Low
Representative image. (Photo Credit: Reuters)

Mumbai: Extending losses for the fourth session, the rupee weakened by 21 paise to trade at fresh 9-month low of 68.46 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange on sustained capital outflows amid the American currency strengthening overseas.

Forex dealers said apart from heavy demand for the American currency from importers, persistent outflows by foreign funds and the dollar's strength against other currencies overseas mainly weighed on the domestic unit.

The rupee ended lower by 9 paise yesterday at 68.25 -- its lowest in nine months -- on heightened capital outflows.

Dealers said, however, a higher opening of the equity market, capped the fall.

Meanwhile, the benchmark BSE Sensex was trading higher 169.71 points, or 0.65 per cent, at 26,130.49 in early trade.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Divis Labs 942.80 +79.55 +9.22
Reliance 847.15 +8.55 +1.02
Tata Steel 687.65 +11.25 +1.66
Axis Bank 519.45 -1.30 -0.25
ICICI Bank 290.55 -4.10 -1.39
Company Price Change %Gain
Bank of Baroda 148.40 +4.10 +2.84
Divis Labs 942.75 +78.90 +9.13
Magma Fincorp 180.35 -2.55 -1.39
Bombay Dyeing 202.75 +9.45 +4.89
Adani Ports 410.00 +4.10 +1.01
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,314.70 +73.15 +3.26
Bank of Baroda 148.35 +3.80 +2.63
Tata Steel 687.65 +11.25 +1.66
ITC 271.55 +3.70 +1.38
ONGC 167.70 +1.80 +1.08
Company Price Change %Gain
Dr Reddys Labs 2,313.60 +74.50 +3.33
Tata Steel 687.65 +11.10 +1.64
ITC 271.20 +3.40 +1.27
SBI 270.55 +2.75 +1.03
Wipro 292.00 +3.10 +1.07
Top Losers
Company Price Change %Gain
BPCL 494.30 -12.60 -2.49
Hero Motocorp 3,856.05 -88.20 -2.24
Tata Motors 414.80 -8.85 -2.09
Sun Pharma 505.50 -10.30 -2.00
Ambuja Cements 279.90 -5.20 -1.82
Company Price Change %Gain
Hero Motocorp 3,858.10 -90.50 -2.29
Tata Motors 415.50 -8.40 -1.98
Sun Pharma 506.45 -10.15 -1.96
HUL 1,258.70 -21.20 -1.66
ICICI Bank 290.80 -3.55 -1.21

Live TV