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1-min read

Rupee Slides 16 Paise to 68.96 Against US Dollar

Meanwhile, the benchmark BSE Sensex was trading 79.80 points higher, or 0.22 per cent, at 35,344.21 in the opening trade.

PTI

Updated:July 3, 2018, 10:15 AM IST
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Rupee Slides 16 Paise to 68.96 Against US Dollar
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Mumbai: Extending losses for the second session, the rupee weakened by 16 paise to trade at 68.96 against the US dollar in early trade on Tuesday on sustained capital outflows amid strengthening of the American currency overseas.

Forex dealers said apart from heavy demand for the US currency from importers, persistent outflows by foreign funds and the dollar's strength against some other currencies overseas, political uncertainty in Germany also weighed on the rupee.

On Monday, the rupee ended lower by 34 paise to end at a near five-year low of 68.80 against the buoyant US dollar in the midst of weak global trends and concerns on macro-economic front.
Dealers said a higher opening of the equity market capped the fall.

Meanwhile, the benchmark BSE Sensex was trading 79.80 points higher, or 0.22 per cent, at 35,344.21 in the opening 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: Sana Fazili
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