GET Stock QuotesNews18 APP
News18 English
»
1-min read

Rupee Takes More Losses, Sheds 10 Paise Against Dollar

The rupee had closed 19 paise lower at a 15-month low of 67.27 yesterday against the US currency following a surging demand for the dollar as crude oil prices zoomed past USD 77 per barrel level.

PTI

Updated:May 10, 2018, 12:31 PM IST
facebookTwittergoogleskypewhatsapp
Rupee Takes More Losses, Sheds 10 Paise Against Dollar
REPRESENTATIONAL IMAGE
Loading...
Mumbai: The rupee weakened by 10 paise to trade at a fresh 15-month low of 67.37 against the US dollar in early trade today due to appreciation of the American currency overseas amid sustained foreign capital outflows and soaring global crude prices.

This is the rupee's second straight slide, which dealers say is mostly due to demand for the US currency.

However, a higher opening in the domestic equity market capped the losses.

The dollar held firm against a basket of currencies overseas after the 10-year US bond yield rose back to the psychologically important 3 per cent mark and investors looked to US consumer price data due later to show an acceleration in inflation.

The rupee had closed 19 paise lower at a 15-month low of 67.27 yesterday against the US currency following a surging demand for the dollar as crude oil prices zoomed past USD 77 per barrel level.

Meanwhile, the benchmark Sensex rose by 128.08 points, or 0.36 per cent, to 35,447.43 in early trade.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Dewan Housing 298.30 -95.60 -24.27
Yes Bank 215.45 -10.95 -4.84
Indiabulls Hsg 927.90 -54.05 -5.50
Bajaj Finance 2,283.00 +22.20 +0.98
HDFC 1,762.85 +44.15 +2.57
Company Price Change %Gain
ICICI Lombard 833.95 +20.80 +2.56
Dewan Housing 302.95 -90.05 -22.91
Yes Bank 216.80 -9.45 -4.18
Indiabulls Hsg 934.70 -46.80 -4.77
Bharat Fin 1,056.15 +24.45 +2.37
Top Gainers
Company Price Change %Gain
HDFC 1,764.10 +45.40 +2.64
Axis Bank 611.50 +14.15 +2.37
Maruti Suzuki 7,995.00 +201.95 +2.59
Sun Pharma 637.00 +13.00 +2.08
Kotak Mahindra 1,173.10 +24.40 +2.12
Company Price Change %Gain
Maruti Suzuki 7,990.80 +194.95 +2.50
Axis Bank 611.55 +14.00 +2.34
HDFC 1,763.60 +42.55 +2.47
Kotak Mahindra 1,170.00 +20.60 +1.79
Sun Pharma 635.35 +11.65 +1.87
Top Losers
Company Price Change %Gain
Indiabulls Hsg 931.25 -50.70 -5.16
Yes Bank 216.45 -9.95 -4.39
GAIL 369.30 -11.60 -3.05
Power Grid Corp 192.80 -4.80 -2.43
Adani Ports 336.85 -9.00 -2.60
Company Price Change %Gain
Yes Bank 216.65 -9.60 -4.24
Power Grid Corp 192.70 -5.75 -2.90
Adani Ports 337.25 -8.50 -2.46
Coal India 275.85 -5.60 -1.99
Tata Steel 595.55 -11.05 -1.82

Live TV

Loading...
Loading...