GET Stock QuotesNews18 APP
News18 English
»
1-min read

Rupee Slips 13 Paise on Dollar Demand, Inflation Concerns

Retail inflation jumped to a four-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.

PTI

Updated:June 13, 2018, 10:25 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Slips 13 Paise on Dollar Demand, Inflation Concerns
Image for representation.
Mumbai: The rupee fell 13 paise to 67.62 against the US dollar in early trade today due to increased demand for the American currency from importers amid foreign fund outflows and rising retail inflation.

Retail inflation jumped to a four-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.

However, industrial production expanded by 4.9 per cent in April on improved performance by manufacturing and mining sectors as also a robust offtake of capital goods.
Forex dealers said dollar strengthening against other currencies overseas as investors await a key Federal Reserve decision later in the day also weighed on the rupee sentiment.

However, a higher opening in the domestic stock market limited the rupee's losses, they said.
Foreign institutional investors (FIIs) sold shares worth Rs 1,168.88 crore yesterday, as per the provisional data.

Yesterday, the rupee had closed 7 paise down at 67.49 against the US currency.

Meanwhile, the benchmark BSE Sensex rose 184.89 points, or 0.51 per cent, to 35,877.41 in early trade.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Reliance 1,031.95 +12.70 +1.25
ICICI Bank 297.95 +4.75 +1.62
HDFC Bank 2,057.60 +1.45 +0.07
HDFC 1,858.90 +11.90 +0.64
TCS 1,819.35 -3.10 -0.17
Company Price Change %Gain
Adani Ports 366.85 +0.85 +0.23
Zee Entertain 563.80 +2.90 +0.52
Infibeam Incorp 154.70 -0.60 -0.39
Reliance 1,032.35 +12.40 +1.22
Vardhman Text 1,212.00 +6.90 +0.57
Top Gainers
Company Price Change %Gain
IOC 170.25 +4.85 +2.93
BPCL 421.95 +11.25 +2.74
HPCL 315.20 +7.30 +2.37
ICICI Bank 297.95 +4.75 +1.62
Reliance 1,031.95 +12.70 +1.25
Company Price Change %Gain
ICICI Bank 297.55 +4.30 +1.47
Reliance 1,032.35 +12.40 +1.22
HDFC 1,853.00 +6.45 +0.35
Tata Motors 306.55 +0.95 +0.31
Infosys 1,246.35 +3.00 +0.24
Top Losers
Company Price Change %Gain
M&M 883.60 -20.80 -2.30
Titan Company 868.40 -19.95 -2.25
Dr Reddys Labs 2,316.40 -51.35 -2.17
Bharti Infratel 279.60 -5.70 -2.00
ONGC 159.70 -3.05 -1.87
Company Price Change %Gain
M&M 883.60 -19.05 -2.11
ONGC 159.70 -3.10 -1.90
Power Grid Corp 195.85 -3.75 -1.88
Sun Pharma 554.60 -9.40 -1.67
SBI 268.70 -4.55 -1.67