LIVE TV DownloadNews18 App
News18 English
»
1-min read

Rupee Sheds 8 Paise Against US Dollar in Early Trade

Besides, strength in dollar against other currencies overseas on rising hopes that the Fed would hike interest rates also kept pressure on the domestic unit, dealers said.

PTI

Updated:March 1, 2018, 10:02 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Sheds 8 Paise Against US Dollar in Early Trade
Representative image
Loading...
Mumbai: The rupee depreciated 8 paise to 65.25 against the US dollar in early trade on Thursday at the forex market on increased demand for the US currency from importers and firm foreign fund outflows even as the country's economy grew to 7.2 per cent in the October-December quarter.

Besides, strength in dollar against other currencies overseas on rising hopes that the Fed would hike interest rates also kept pressure on the domestic unit, dealers said. However, a higher opening in domestic equities capped the losses, the added.

Meanwhile, the domestic economy recorded a five-quarter high growth of 7.2 per cent in the October-December period on good show by key sectors like agriculture, construction and manufacturing.

On Wednesday, the rupee fell by a steep 30 paise to end at a fresh three-month low of 65.17 against the American currency after Federal Reserve's hawkish comments reignited interest rate hike fears.

Meanwhile, the benchmark BSE Sensex was quoting higher by 63.02 points, or 0.18 per cent, to 34,247.06 in opening deals on Thursday.
| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Kotak Mahindra 1,237.90 -3.98
Yes Bank 222.00 3.18
Reliance 1,232.35 -1.17
Indiabulls Hsg 679.95 -0.58
Axis Bank 702.05 0.70
Company Price Change %Gain
Kotak Mahindra 1,241.05 -3.71
Reliance 1,232.60 -1.11
Yes Bank 221.95 3.23
Indiabulls Hsg 680.35 -0.40
HDFC Bank 2,091.65 -1.11
Top Gainers
Company Price Change %Gain
IOC 137.20 4.65
HPCL 230.95 3.59
Yes Bank 222.00 3.18
JSW Steel 285.85 3.18
Vedanta 169.65 3.07
Company Price Change %Gain
Yes Bank 221.95 3.23
Tata Motors 174.55 2.86
Vedanta 169.30 2.86
NTPC 139.70 2.27
M&M 646.10 2.01
Top Losers
Company Price Change %Gain
Kotak Mahindra 1,237.90 -3.98
GAIL 327.15 -1.37
Reliance 1,232.35 -1.17
HDFC Bank 2,091.45 -1.16
Cipla 541.30 -0.77
Company Price Change %Gain
Kotak Mahindra 1,241.05 -3.71
Reliance 1,232.60 -1.11
HDFC Bank 2,091.65 -1.11
IndusInd Bank 1,463.35 -0.56
Bajaj Finance 2,641.05 -0.45

Live TV

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