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1-min read

Rupee Weakens 9 Paise Against Dollar

Dealers attributed the rupee's fall to increased demand for the US currency from importers and banks and a lower opening in the domestic equity market.

PTI

Updated:November 27, 2017, 9:52 AM IST
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Rupee Weakens 9 Paise Against Dollar
Representative photo. (Image: Reuters)
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Mumbai: The rupee depreciated 9 paise to 64.79 against the US dollar in early trade on Monday at the interbank foreign exchange amid fresh foreign fund outflows.

Dealers attributed the rupee's fall to increased demand for the US currency from importers and banks and a lower opening in the domestic equity market.

On Friday, the rupee had lost 12 paise to close lower at 64.70 a dollar due to renewed demand for the US currency.

Foreign investors pulled out Rs 416.28 crore from equity markets on Friday, as per provisional data.

Standard & Poor's on Friday kept its sovereign rating for India unchanged at 'BBB-minus' with 'stable' outlook saying vulnerabilities stemming from low per capita income and high government debt balance strong GDP growth.

Meanwhile, the benchmark Sensex fell by 106.92 points, or 0.31 per cent, to 33,572.32 in early 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: Huma Tabassum
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