GET Stock QuotesNews18 APP
News18 English
»
1-min read

Rupee Softens 10 Paise Against US Dollar

The rupee weakened 10 paise to 64.53 against the US dollar on Tuesday on lurking fears that the US Fed is not done with raising borrowing costs, which would trigger capital flight from emerging countries, including India.

PTI

Updated:June 20, 2017, 10:14 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Softens 10 Paise Against US Dollar
Representative image.
Mumbai: The rupee weakened 10 paise to 64.53 against the US dollar on Tuesday on lurking fears that the US Fed is not done with raising borrowing costs, which would trigger capital flight from emerging countries, including India.

The US currency's increasing appeal among importers and banks led to foreign capital outflows.

According to traders, the dollar's strength against some currencies overseas on Fed's plan to stick to hiking rates pushed down the rupee.

A higher opening in the domestic equity market salvaged the situation for the rupee to an extent though, they said.

On Monday, the rupee had ended flat at 64.43 against the US currency in a fairly range-bound trade.

Meanwhile, the benchmark Sensex rose further by 80.96 points, or 0.25 percent, to 31,392.53 in the opening trade today.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Hindalco 264.75 +21.95 +9.04
Vedanta 311.70 +20.60 +7.08
TCS 3,191.15 +32.05 +1.01
Tata Steel 621.95 +20.35 +3.38
BPCL 376.55 -28.65 -7.07
Company Price Change %Gain
Hathway Cable 39.65 -0.65 -1.61
Maithan Alloys 882.00 +15.85 +1.83
HDFC 1,864.45 -12.15 -0.65
HDFC Life 503.15 +11.05 +2.25
Vakrangee 131.75 +6.10 +4.85
Top Gainers
Company Price Change %Gain
Hindalco 264.75 +21.95 +9.04
Vedanta 311.70 +20.60 +7.08
Tata Steel 621.95 +20.35 +3.38
Yes Bank 318.50 +8.95 +2.89
Bharti Airtel 395.35 +11.10 +2.89
Company Price Change %Gain
Tata Steel 620.55 +19.05 +3.17
Yes Bank 318.00 +8.75 +2.83
Bharti Airtel 394.95 +10.15 +2.64
Larsen 1,384.30 +23.65 +1.74
Power Grid Corp 208.20 +3.30 +1.61
Top Losers
Company Price Change %Gain
BPCL 376.55 -28.65 -7.07
HPCL 301.50 -18.10 -5.66
IOC 157.95 -7.00 -4.24
Titan Company 952.75 -24.35 -2.49
Axis Bank 512.90 -5.35 -1.03
Company Price Change %Gain
Axis Bank 513.50 -5.20 -1.00
Coal India 282.85 -2.20 -0.77
HDFC 1,864.45 -12.15 -0.65
Sun Pharma 508.80 -3.10 -0.61
IndusInd Bank 1,834.10 -10.55 -0.57