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  Business   Market  08 Nov 2017  Rupee falls 13 paise against US dollar

Rupee falls 13 paise against US dollar

PTI
Published : Nov 8, 2017, 10:42 am IST
Updated : Nov 8, 2017, 10:42 am IST

On Tuesday, the rupee had plunged by 35 paise to end at a fresh one-week low of 65.03 against the American greenback.

The rupee weakened by another 13 paise to 65.16 against the dollar in early trade on Wednesday. (Photo: AP)
 The rupee weakened by another 13 paise to 65.16 against the dollar in early trade on Wednesday. (Photo: AP)

Mumbai: The rupee weakened by another 13 paise to 65.16 against the dollar in early trade at the interbank foreign exchange market on increased demand for the US currency from importers.

On Tuesday, the rupee had plunged by 35 paise to end at a fresh one-week low of 65.03 a dollar owing to high demand for the American currency from importers amid spike in crude oil prices after political upheaval in Saudi Arabia.

The dollar was trading weak against world currencies, including euro and yen, in global markets which capped the rupee losses, dealers said.

The benchmark BSE Sensex was trading higher by 52.74 points, or 0.15 per cent, at 33,423.50 in morning trade.  

Tags: indian rupee, rupee against us dollar, us dollar
Location: India, Maharashtra, Mumbai (Bombay)