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  Business   Market  20 Mar 2018  Rupee falls 4 paise against US dollar in early trade

Rupee falls 4 paise against US dollar in early trade

PTI
Published : Mar 20, 2018, 10:06 am IST
Updated : Mar 20, 2018, 10:06 am IST

Rupee is trading at 65.21 against dollar on some dollar-buying by importers and banks and weakness in domestic equity market.

 The greenback's gains against major global currencies ahead of the US Federal Reserve's key policy meet that kicks off later in the day.
  The greenback's gains against major global currencies ahead of the US Federal Reserve's key policy meet that kicks off later in the day.

Mumbai: The rupee depreciated further by 4 paise to hit its four-month low of 65.21 against the US dollar in opening session on Tuesday on some dollar-buying by importers and banks and weakness in the domestic equity market.

The greenback's gains against major global currencies ahead of the US Federal Reserve's key policy meet that kicks off later in the day, in which it is expected to hike interest rates, weighed on the domestic unit, dealers said.

On Monday, the rupee slipped 23 paise to close at 65.17 against the dollar due to concerns over a widening current account deficit.

Meanwhile, the Sensex today fell further by 112.26 points, or 0.34 per cent, to 32,810.86 in early trade.

FIIs bought shares worth Rs 292.23 crore on a net basis on Monday, provisional data showed.

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