GET Stock QuotesNews18 APP
News18 English
cricketnext
»
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.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 909.90 -4.60 -0.50
Dewan Housing 594.35 -8.15 -1.35
GNFC 472.60 +28.85 +6.50
Axis Bank 460.30 -4.20 -0.90
Bharti Airtel 473.75 +11.80 +2.55
Company Price Change %Gain
GNFC 472.30 +28.60 +6.45
Reliance 910.35 -3.40 -0.37
Axis Bank 460.35 -4.00 -0.86
Dewan Housing 595.40 -6.40 -1.06
Aditya Birla 183.70 +3.35 +1.86
Top Gainers
Company Price Change %Gain
Bharti Airtel 473.75 +11.80 +2.55
UPL 793.70 +4.35 +0.55
M&M 1,375.75 +5.20 +0.38
Infosys 926.95 +2.60 +0.28
Lupin 1,051.20 +2.00 +0.19
Company Price Change %Gain
Bharti Airtel 471.05 +9.50 +2.06
Lupin 1,052.50 +3.60 +0.34
Infosys 927.10 +2.65 +0.29
M&M 1,374.80 +3.50 +0.26
BHEL 84.80 +0.10 +0.12
Top Losers
Company Price Change %Gain
ICICI Bank 257.85 -5.30 -2.01
NTPC 175.05 -3.00 -1.68
Kotak Mahindra 1,077.75 -18.15 -1.66
Coal India 285.80 -4.20 -1.45
Tata Motors 426.95 -6.25 -1.44
Company Price Change %Gain
ICICI Bank 257.85 -5.20 -1.98
Kotak Mahindra 1,079.35 -18.05 -1.64
NTPC 175.15 -2.85 -1.60
Tata Motors 427.25 -6.30 -1.45
Coal India 286.20 -4.00 -1.38

Live TV