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
News18 » Business
1-min read

Rupee Sheds 15 Paise Against US Dollar After Trump Hints at Tariff Hike on Chinese Goods

At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close.

PTI

Updated:November 27, 2018, 10:02 AM IST
facebookTwitterskypewhatsapp
Rupee Sheds 15 Paise Against US Dollar After Trump Hints at Tariff Hike on Chinese Goods
File photo of Indian rupee.(Reuters)
Loading...

Mumbai: The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade Tuesday at the interbank foreign exchange, after US President Donald Trump suggested a tariff hike on Chinese goods.

The domestic unit opened weak in line with other Asian currencies after Trump Monday said that for any trade deal China has to treat his country "fairly". "Here's what the bottom line is:  China has to treat us fairly.  They haven't been. They have to treat us fairly," Trump told reporters at the White House.

At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close.

The rupee Monday fell by 18 paise to close at 70.87 against the US dollar. Forex dealers said fresh demand for the American currency from importers amid marginal rise in crude prices weighed on the domestic unit.

The international benchmark, Brent crude was trading higher by 0.28 per cent to USD 60.65 per barrel. Traders said, fresh foreign inflows restricted the decline in the local unit. Foreign institutional investors (FIIs) made fresh purchases worth Rs 62.74 crore Monday, as per provisional data.

Meanwhile, the 30-share Sensex was trading 27.28 points, or 0.08 per cent, lower at 35,326.80. The NSE Nifty too witnessed similar movement, and was trading 18.70 points, or 0.18 per cent, lower at 10,609.90.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 68.85 -3.30
Maruti Suzuki 6,207.85 0.27
Indiabulls Hsg 507.85 -2.60
Dr Reddys Labs 2,511.00 -1.71
Britannia 2,313.00 -3.36
Company Price Change %Gain
Coffee Day 71.00 2.38
HDFC Life 531.90 0.84
Yes Bank 69.05 -3.09
Maruti Suzuki 6,209.40 0.17
United Spirits 591.90 2.39
Top Gainers
Company Price Change %Gain
Eicher Motors 16,114.95 1.38
Infosys 799.05 0.79
NTPC 118.55 0.51
Sun Pharma 423.50 0.62
Power Grid Corp 207.30 0.61
Company Price Change %Gain
Infosys 792.90 1.94
Sun Pharma 424.00 0.76
NTPC 118.60 0.51
Power Grid Corp 207.40 0.66
SBI 284.70 0.37
Top Losers
Company Price Change %Gain
Britannia 2,313.00 -3.36
Yes Bank 71.20 -7.11
Indiabulls Hsg 507.85 -2.60
Dr Reddys Labs 2,511.00 -1.71
BPCL 336.70 -1.62
Company Price Change %Gain
Yes Bank 68.95 -3.23
Tata Motors 121.65 -1.74
Coal India 193.25 -1.02
Vedanta 141.00 -0.95
HCL Tech 1,076.20 -0.71

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results