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1-min read

Rupee Drops 4 Paise Against US Dollar

Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas, put pressure on the rupee.

Press Trust Of India

Updated:February 20, 2017, 9:45 AM IST
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Rupee Drops 4 Paise Against US Dollar
Image for representation.
Mumbai: The rupee was trading lower by 4 paise at 67.05 against the dollar in early trade on Monday at forex market as the American unit strengthened overseas amid a lower opening of the domestic equity market.

Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas, put pressure on the rupee.

On Friday, the rupee had gained 6 paise to end at 67.01 due to fag-end dollar selling by banks and exporters in view of weakness in the greenback overseas amid persistent rise in equities.

Meanwhile, the benchmark BSE Sensex fell by 40.24 points, or 0.14 per cent, to 28,428.51 in early trade.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Nakshab Khan
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