Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Rupee Breaches Again 70-mark, Falls 27 Paise Against US Dollar

Forex dealers said increased demand for the US currency from importers and its gains against other currencies overseas on expectations of rising US interest rates, put pressure on the rupee.

PTI

Updated:August 23, 2018, 10:28 AM IST
facebookTwitterskypewhatsapp
Rupee Breaches Again 70-mark, Falls 27 Paise Against US Dollar
Representative image
Loading...

Mumbai: The rupee on Thursday fell 27 paise against the dollar to trade near 70.08 again amid strong demand for the US currency after the US Fed released minutes of its policy meet on Wednesday.

At the Interbank Foreign Exchange, the local currency opened at a low of 70.03 a dollar, down from its previous close of 69.81, and weakened further to trade at a 70.08, down by 27 paise.

Forex dealers said increased demand for the US currency from importers and its gains against other currencies overseas on expectations of rising US interest rates, put pressure on the rupee.

With the US economy continuing to grow and the job market strengthening further, many Fed members said they likely will need to raise the benchmark interest rate again "soon," according to the minutes of the Fed policy meeting early this month.

Forex market was shut on Wednesday on account of Bakri Id.

Meanwhile, the BSE benchmark Sensex rallied by 201.88 points, or 0.52 per cent, to quote at an all-time high of 38,487.63 in early trade on Thursday. The broader NSE Nifty breached the 11,600-mark for the first time.

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 586.80 5.63
Yes Bank 108.40 5.04
IndusInd Bank 1,423.00 3.02
UPL 855.95 -9.93
HDFC 2,203.25 1.28
Company Price Change %Gain
Indiabulls Hsg 587.25 5.73
Yes Bank 108.65 5.23
Shriram Trans 1,082.35 1.95
UPL 856.55 -9.88
Rel Capital 61.20 13.23
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 591.55 6.49
Yes Bank 108.40 5.04
Sun Pharma 389.95 3.93
IndusInd Bank 1,423.00 3.02
JSW Steel 267.70 2.74
Company Price Change %Gain
Yes Bank 108.65 5.23
Sun Pharma 389.50 3.71
IndusInd Bank 1,422.20 2.84
Vedanta 171.40 1.84
Bharti Airtel 346.85 1.49
Top Losers
Company Price Change %Gain
UPL 855.90 -9.93
Wipro 286.20 -2.67
Adani Ports 398.75 -2.20
Tech Mahindra 724.00 -1.58
Axis Bank 763.00 -1.00
Company Price Change %Gain
Axis Bank 763.10 -1.06
HUL 1,798.75 -0.70
ITC 276.00 -0.49
NTPC 134.00 -0.45
TCS 2,254.05 -0.26

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results