Thursday, Apr 25, 2024 | Last Update : 11:07 AM IST
Rupee drops by 26 paise to 64.53 against US dollar
Rupee is trading at 64.53 against the dollar at the interbank forex market in early trade.
Mumbai: The rupee fell sharply by 26 paise to 64.53 against the dollar at the interbank forex market in early trade on Thursday as the greenback strengthened overseas.
Forex dealers said the greenback rose against other currencies overseas as expectations of rate hike by the US Federal Reserve grew stronger.
The US Federal Reserve on Wednesday kept its policy rate unchanged but expressed confidence in the outlook for the real economy.
On Wednesday, the rupee had logged its first gain in three sessions by rising 6 paise to 64.27 against the US currency owing to fresh dollar unwinding by exporters.
The benchmark Sensex recovered by 59.52 points, or 0.18 per cent, to 32,460.03 in the opening trade on Thursday.
