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Rupee Sheds 10 Paise Against USD Ahead of Macro Data

Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore.

PTI

Updated:June 12, 2018, 9:52 AM IST
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Rupee Sheds 10 Paise Against USD Ahead of Macro Data
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Mumbai: The rupee depreciated by 10 paise to 67.52 against the US dollar in early trade today ahead of release of key IIP and inflation data.

Dealers attributed the rupee's fall to fresh demand for the US currency but a higher opening in domestic stocks limited the fall.

Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore.

Yesterday, the rupee had ended 8 paise higher at 67.42 against the US currency, cutting short its two-day decline.

Meanwhile, the benchmark BSE Sensex was trading higher by 84.35 points, or 0.23 per cent, at 35,567.82 in opening deals.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram 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 put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
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