STOCK MARKET BSE NSE

Rupee Falls 30 Paise to Trade Over 28-month Low at 67.95

Published: 20th January 2016 10:01 AM  |   Last Updated: 20th January 2016 10:01 AM   |  A+A-

By PTI

MUMBAI: The rupee tumbled 30 paise to trade over 28-month low at 67.95 against the dollar in early trade today, mainly due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market. 

Moreover, sustained capital outflows weighed on the domestic unit but the dollar's weakness against some other currencies overseas capped the rupee's fall, traders said. 

The rupee had closed three paise higher at 67.65 against the US currency in yesterday's trade on fresh selling of dollars by banks and exporters amidst a recovery in equities.

Meanwhile, the benchmark BSE Sensex plunged 412.95 points, or 1.69 per cent to 24,066.89 in early trade.

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