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

Rupee Takes More Losses, Sheds 27 Paise Against Dollar

Fresh capital flight cast its shadow on the rupee as the local unit lost 27 paise at 64.42 against the US dollar in the beginning, with additional support showing up in the form of demand from importers and banks.

PTI

Updated:May 18, 2017, 11:07 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Takes More Losses, Sheds 27 Paise Against Dollar
Indian Rupee. (Reuters)

Mumbai: Fresh capital flight cast its shadow on the rupee as the local unit lost 27 paise at 64.42 against the US dollar in the beginning, with additional support showing up in the form of demand from importers and banks.

This is the third straight slide, which dealers say is mostly due to incoming demand for the US currency and a lower opening in the domestic stock market.

But the continuing political turmoil surrounding US President Donald Trump's recent executive decisions and uncertainty about his economic agenda put the dollar in a spot of bother overseas, which somewhat limited the rupee's slump.

Yesterday, the rupee had ended lower by 7 paise at 64.15 due to sustained demand for the greenback from importers.

Stocks, in the meantime, got off to a decisively weak start as the benchmark Sensex retreated from record highs by falling 222.21 points, or 0.72 per cent, at 30,436.56 in early session.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Sun Pharma 569.65 +28.20 +5.21
Tata Steel 677.75 +40.20 +6.31
Jubilant Life 883.80 -108.00 -10.89
Fortis Health 159.95 +13.65 +9.33
Infosys 1,155.65 -5.10 -0.44
Company Price Change %Gain
Sun Pharma 570.20 +28.05 +5.17
Jubilant Life 891.30 -100.85 -10.16
NTPC 162.80 +2.30 +1.43
ICICI Bank 321.30 +3.30 +1.04
Fortis Health 159.95 +13.65 +9.33
Top Gainers
Company Price Change %Gain
Tata Steel 677.75 +40.20 +6.31
Sun Pharma 569.65 +28.20 +5.21
UPL 700.55 +25.10 +3.72
Tech Mahindra 621.45 +18.85 +3.13
Vedanta 337.90 +9.25 +2.81
Company Price Change %Gain
Tata Steel 677.80 +39.95 +6.26
Sun Pharma 570.20 +28.05 +5.17
Yes Bank 323.60 +7.20 +2.28
Dr Reddys Labs 2,169.25 +47.95 +2.26
Bharti Airtel 425.45 +9.40 +2.26
Top Losers
Company Price Change %Gain
GAIL 458.40 -7.75 -1.66
Asian Paints 1,101.80 -16.30 -1.46
Eicher Motors 26,724.40 -144.10 -0.54
M&M 718.65 -3.30 -0.46
Infosys 1,155.65 -5.10 -0.44
Company Price Change %Gain
Asian Paints 1,101.90 -14.45 -1.29
Coal India 310.45 -1.60 -0.51
Infosys 1,155.65 -4.85 -0.42
M&M 719.30 -1.60 -0.22
HUL 1,323.00 -2.15 -0.16

Live TV