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Rupee softens 13 paise against US dollar

PTI
Published : Oct 6, 2017, 9:53 am IST
Updated : Oct 6, 2017, 9:53 am IST

Rupee is trading at 65.27 against US dollar in early morning trade.

The renewed strength of the dollar overseas weighed on the rupee.
 The renewed strength of the dollar overseas weighed on the rupee.

Mumbai: The rupee depreciated 13 paise to 65.27 against the dollar on Friday as expectations rose that US President Donald Trump's tax cut plan will be signed into law.

The US currency put on more lustre on increased demand from banks and importers.

The renewed strength of the dollar overseas weighed on the rupee, forex dealers said.

On Thursday, the local currency had closed lower by 13 paise at 65.14, driven by fresh spell of dollar demand from importers.

Meanwhile, the benchmark Sensex went up 130.10 points, or 0.41 per cent, to 31,722.13 in early trade on Friday.

Tags: rupee, dollar, indian currency, american currency
Location: India, Maharashtra, Mumbai (Bombay)