GET Stock QuotesNews18 APP
News18 English

Assembly Election LIVE Results

  • Awaited

    Shaktisinh Gohil

    INC (Mandvi)
  • Awaited

    Jignesh Mevani

    IND (Vadgam (SC)
  • Awaited

    Alpesh Thakor

    INC (Radhanpur)
  • Awaited

    Nitinbhai Patel

    BJP (Mahesana)
  • Awaited

    Hitu Kanodiya

    BJP (Idar (SC)
  • Awaited

    Pradipsinh Jadeja

    BJP (Vatva)
  • Awaited

    Babubhai Mangukiya

    INC (Thakkarbapa Nagar)
  • Awaited

    Himmatsinh Patel

    INC (Bapunagar)
  • Awaited

    Bhupendrasinh Chudasama

    BJP (Dholka)
  • Awaited

    Somabhai Patel

    INC (Limbdi)
  • Awaited

    Indranil Rajguru

    INC (Rajkot West)
  • Awaited

    Vijay Rupani

    BJP (Rajkot West)
  • Awaited

    Jayesh Radadiya

    BJP (Jetpur)
  • Awaited

    Lalit Vasoya

    INC (Dhoraji)
  • Awaited

    Raghavjibhai Patel

    BJP (Jamnagar Rural)
  • Awaited

    Hakubha Jadeja

    BJP (Jamnagar North)
  • Awaited

    Arjun Modhwadia

    INC (Porbandar)
  • Awaited

    Paresh Dhanani

    INC (Amreli)
  • Awaited

    Purshottam Solanki

    BJP (Bhavnagar Rural)
  • Awaited

    Jitu Vaghan

    BJP (Bhavnagar West)
  • Awaited

    Saurabh Patel

    BJP (Botad)
  • Awaited

    Ramsinh Parmar

    BJP (Thasra)
  • Awaited

    CK Raulji

    BJP (Godhra)
  • Awaited

    Mohansinh Rathava

    INC (Chhota Udaipur (ST)
  • Awaited

    Siddharth Patel

    INC (Dabhoi)
  • Awaited

    Manisha Vakil

    BJP (Vadodara City (SC)
  • Awaited

    Rajendra Trivedi

    BJP (Raopura)
  • Awaited

    Mahesh Vasava

    BTP (Dediapada (ST)
  • Awaited

    Chhotubhai Vasava

    BTP (Jhagadia (ST)
  • Awaited

    Tusharbhai Chaudhari

    INC (Mahuva (ST)
  • Awaited

    Thakur Singh Bharmouri

    INC (Bharmour (ST)
  • Awaited

    Asha Kumari

    INC (Dalhousie)
  • Awaited

    GS Bali

    INC (Nagrota)
  • Awaited

    Sudhir Sharma

    INC (Dharamshala)
  • Awaited

    Indu Goswami

    BJP (Palampur)
  • Awaited

    Jai Ram Thakur

    BJP (Seraj)
  • Awaited

    Anil Sharma

    BJP (Mandi)
  • Awaited

    Champa Thakur

    INC (Mandi)
  • Awaited

    Prem Kumar Dhumal

    BJP (Sujanpur)
  • Awaited

    Satpal Singh Satti

    BJP (Una)
  • Awaited

    Virbhadra Singh

    INC (Arki)
  • Awaited

    Suresh Bhardwaj

    BJP (Shimla)
  • Awaited

    Vikramaditya Singh

    INC (Shimla Rural)
  • Awaited

    Narinder Bragta

    BJP (Jubbal Kotkhai)
»
1-min read

Rupee Tumbles by 26 Paise Against Dollar, Ends at 66.68

The domestic unit resumed lower at 66.57 from Thursday's closing of 66.42 at the Interbank Foreign Exchange (Forex) market on the back of aggressive dollar buying initiated by domestic banks and importers.

Press Trust Of India

Updated:September 9, 2016, 8:00 PM IST
facebookTwittergoogleskypewhatsapp
Rupee Tumbles by 26 Paise Against Dollar, Ends at 66.68
A street side restaurant owner holds a bundle of Indian currency notes in New Delhi. (Reuters)

Mumbai: In line with domestic stock market, the rupee today tumbled by 26 paise to end at 66.68, posting its biggest single-day drop in five weeks, on renewed demand for the American currency from banks and importers.

A massive sell-offs in domestic equities tracking global markets, following the European Central Bank's decision to keep its monetary policy stance unchanged, mainly weighed heavily on the rupee sentiment.

This is the biggest one-day fall in the rupee since August 3, 2016.

Dealers avoided taking long positions ahead of key macro data release including the consumer price index (CPI) inflation data for August and Index of Industrial Production (IIP) for July on Monday, a forex trader said.

Moreover, market sentiment will be influenced by crucial Federal Reserve's two-day meet next week and the BOJ's unveiling the results of a comprehensive policy review it promised in July, they said.

The domestic unit resumed lower at 66.57 from Thursday's closing of 66.42 at the Interbank Foreign Exchange (Forex) market on the back of aggressive dollar buying initiated by domestic banks and importers.

It was later stuck in a tight range after making a fast descending movement to hit a fresh intra-day low of 66.76 before ending at 66.68, revealing a sharp loss of 26 paise, or 0.39 per cent.

The rupee briefly touched a high of 66.5275 during the day.

Meanwhile, the dollar recovered against the yen, after North Korea's latest nuclear test pulled cash into the perceived safety of the Japanese currency.

In other currency markets, the euro maintained its strong upward trend against other major currencies after the ECB kept its monetary policy unchanged on Thursday.

The RBI fixed the reference rate for the dollar at 66.5462 and euro at 75.0242.

In cross-currency trades, the rupee fell back modestly against the pound sterling to settle at 88.78 from 88.75 and dropped further against the euro to finish at 75.15 from 74.97 yesterday.

But the local currency recovered sharply against the Japanese yen to close at 64.96 from 65.38 per 100 yens earlier.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 919.75 -1.75 -0.19
Kotak Mahindra 1,030.10 +5.45 +0.53
Vedanta 298.00 +13.45 +4.73
ICICI Bank 303.15 -1.20 -0.39
Yes Bank 315.90 +12.00 +3.95
Company Price Change %Gain
Kotak Mahindra 1,029.00 +4.00 +0.39
ICICI Bank 303.45 -1.10 -0.36
Bharti Airtel 519.00 -2.00 -0.38
Bombay Dyeing 266.70 +38.35 +16.79
Greenply Ind 335.50 +2.75 +0.83
Top Gainers
Company Price Change %Gain
Vedanta 298.00 +13.45 +4.73
Yes Bank 315.90 +12.00 +3.95
M&M 1,483.40 +51.80 +3.62
Coal India 271.00 +8.15 +3.10
Hindalco 242.75 +6.35 +2.69
Company Price Change %Gain
M&M 1,482.65 +50.95 +3.56
Coal India 271.05 +7.95 +3.02
Dr Reddys Labs 2,372.00 +58.30 +2.52
HDFC Bank 1,873.05 +35.85 +1.95
Adani Ports 401.95 +6.90 +1.75
Top Losers
Company Price Change %Gain
Tech Mahindra 500.75 -13.50 -2.63
Cipla 576.45 -14.00 -2.37
Bosch 19,730.30 -149.90 -0.75
ONGC 183.00 -1.35 -0.73
Power Grid Corp 198.85 -1.25 -0.62
Company Price Change %Gain
Cipla 575.85 -14.95 -2.53
ONGC 182.85 -1.60 -0.87
Asian Paints 1,119.95 -5.10 -0.45
TCS 2,547.85 -10.70 -0.42
SBI 312.75 -1.30 -0.41

Live TV

File is:/article-scroll-new.php