X

DON'T SHARE NUISANCE.
SHARE NEWS.

Be a responsible citizen. Come, pledge to always check and share verified and vetted news.
»
1-min read

Rupee Slips After Early Recovery, Down 7 Paise

Press Trust Of India

Updated: November 22, 2016, 2:47 PM IST
facebook Twitter google skype whatsapp
Rupee Slips After Early Recovery, Down 7 Paise
Representative image. (Photo Credit: Reuters)

Mumbai: The rupee slipped from its initial recovery, dropping 7 paise to Rs 68.23 in late morning deals following bouts of dollar demand from importers despite higher domestic equities.

The rupee opened higher at 68.13 per dollar as against last yesterday's closing level of 68.16 at the Interank Foreign Exchange (Forex) market.

Later, it hovered in the range of 68.24 to 68.09 per dollar during the morning deals, it was quoting 68.23 at 1030 hours.

The dollar Index is trading down by 0.01 percent at 100.87 against a basket of six currencies.

Overseas, the US dollar took a breather against basket currencies in early Asian trade, as investors consolidated the gains built on expectations of increased fiscal spending and higher inflation under a Trump administration.

Meanwhile, the benchmark BSE Sensex was trading higher by 83.75 points or 0.33 per cent at 25,848.89 at 1050 hrs.

First Published: November 22, 2016, 9:48 AM IST
Read full article
Next Story
facebook Twitter google skype whatsapp