LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Rupee Declines by 3 Paise at 64.49 Against US Dollar

Dealers also attributed the rupee's fall to increased demand for the US currency from importers but a higher opening in the domestic equity market capped the losses to some extent.

PTI

Updated:December 4, 2017, 10:09 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Declines by 3 Paise at 64.49 Against US Dollar
Image for representation. (PTI)
Loading...
Mumbai: The rupee was trading down by 3 paise at 64.49 against the US currency in early trade on Monday at the inter-bank foreign exchange as the dollar strengthened in global markets after progress on the US tax-cut proposal.

Dealers also attributed the rupee's fall to increased demand for the US currency from importers but a higher opening in the domestic equity market capped the losses to some extent.

The rupee opened lower by 7 paise at 64.53 against last close of 64.46 on higher demand for the dollar. Later the rupee reverses its losses to touch a high of 64.45 in early trade.

The domestic currency was quoted at 64.49 per dollar, down by 3 paise, at 0950hrs.

The dollar rose against the yen, euro and pound after the US Senate passed the tax reform bill last weekend.

On Thursday, the rupee had lost 15 paise to close at 64.46 a dollar on growing concerns with regard to fiscal deficit and possible extension of crude oil production curb by OPEC. Forex and money markets were closed on Friday on account of Id-E-Milad.

Meanwhile, the benchmark Sensex rose 175.53 points, or 0.53 percent, to 33,008.47 in opening trade.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 285.30 5.78
Yes Bank 201.50 -3.29
Mindtree 867.85 3.17
Reliance 1,134.45 -0.13
Axis Bank 676.65 1.91
Company Price Change %Gain
Jet Airways 284.80 5.09
ICICI Bank 373.35 -0.47
Yes Bank 201.45 -3.31
Reliance 1,133.75 -0.03
SBI 297.35 -1.78
Top Gainers
Company Price Change %Gain
BPCL 355.20 2.29
GAIL 332.40 2.12
Axis Bank 676.65 1.91
HCL Tech 954.70 1.75
Bharti Infratel 280.45 1.67
Company Price Change %Gain
Axis Bank 676.30 1.91
HCL Tech 954.80 1.77
HDFC 2,004.25 1.51
TCS 1,895.10 1.34
Kotak Mahindra 1,220.10 1.24
Top Losers
Company Price Change %Gain
Sun Pharma 426.55 -6.00
Yes Bank 201.50 -3.29
Zee Entertain 440.90 -2.48
SBI 297.40 -1.90
Eicher Motors 20,369.95 -1.76
Company Price Change %Gain
Sun Pharma 427.15 -5.78
Yes Bank 201.45 -3.31
SBI 297.35 -1.78
Bajaj Finance 2,535.60 -1.45
HUL 1,750.10 -1.12

Live TV

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