STOCK MARKET BSE NSE

Rupee Down 10 Paise Against Dollar in Early Trade

Published: 07th January 2016 10:02 AM  |   Last Updated: 07th January 2016 10:02 AM   |  A+A-

rupee-reuters

The local currency had gained 21 paise to close at 66.33 in the previous session on fresh selling of dollars by banks. | (File/Reuters)

By PTI

MUMBAI: The rupee was trading lower by 10 paise at 66.92 against the dollar in early trade at the Interbank Foreign Exchange today on sustained foreign fund outflows amid increase demand for the US currency from importers.

Moreover, China devalued yuan by 0.51 per cent and lower opening in domestic equities also weighed on the rupee, dealers said.

The dollar was weak against major global currencies, capping the rupee losses, they added.

The rupee had closed lower by 22 paise against the US dollar at 66.82, its lowest level in more than two-weeks in yesterday's trade on the back of frantic demand for the American currency.

Meanwhile, the benchmark BSE Sensex fell further by 326.26 points or 1.28 per cent to 25,079.97 in early deals.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp