GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Rupee Falls 12 Paise to Fresh 16-Mth Low Against Dollar

Traders attributed the rupee's fall to increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin said the trade war with China was on hold, amid hopes of easing trade tensions between the two economies.

PTI

Updated:May 21, 2018, 10:10 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Falls 12 Paise to Fresh 16-Mth Low Against Dollar
Image for representation (Photo: Reuters)
Loading...
Mumbai: The rupee declined 12 paise to a fresh 16-month low of 68.12 against a strengthening US dollar in early trade today after China and the US struck a deal to avert a trade war.

Traders attributed the rupee's fall to increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin said the trade war with China was on hold, amid hopes of easing trade tensions between the two economies.

Higher crude oil prices and losses in Asian currencies to weighed in the domestic unit, they added.

On Friday, the rupee had lost 30 paise to end at 68 against the US currency on renewed dollar buying interest amid global macro challenges.

Meanwhile, the benchmark BSE Sensex recovered 125.65 points, or 0.36 per cent, to 34,973.95 in early trade today.

Also Watch

Read full article
Loading...
Most Active
Company Price Change %Gain
Axis Bank 635.75 +11.35 +1.82
Reliance 1,247.20 +12.30 +1.00
Tata Steel 582.15 -17.25 -2.88
Infosys 1,383.95 -0.30 -0.02
Tech Mahindra 709.40 +21.45 +3.12
Company Price Change %Gain
Ramco Cements 678.55 -2.30 -0.34
Reliance 1,246.50 +11.60 +0.94
Westlife Dev 398.95 +6.50 +1.66
Tech Mahindra 707.30 +21.40 +3.12
Tata Steel 582.25 -17.15 -2.86
Top Gainers
Company Price Change %Gain
UPL 646.20 +27.30 +4.41
Tech Mahindra 709.40 +21.45 +3.12
Coal India 291.40 +7.35 +2.59
Grasim 1,065.40 +25.55 +2.46
Lupin 888.60 +19.35 +2.23
Company Price Change %Gain
Coal India 291.55 +7.35 +2.59
Axis Bank 636.20 +12.00 +1.92
NTPC 161.20 +2.70 +1.70
Sun Pharma 635.25 +10.55 +1.69
Wipro 288.50 +4.20 +1.48
Top Losers
Company Price Change %Gain
Tata Steel 582.15 -17.25 -2.88
BPCL 368.75 -7.20 -1.92
HUL 1,752.50 -24.50 -1.38
Vedanta 218.85 -3.00 -1.35
M&M 957.80 -11.75 -1.21
Company Price Change %Gain
Tata Steel 582.25 -17.15 -2.86
HUL 1,752.40 -23.00 -1.30
Vedanta 219.20 -2.60 -1.17
M&M 957.55 -10.85 -1.12
Yes Bank 391.00 -2.85 -0.72
Loading...
Loading...