Sunday, Jun 07, 2020 | Last Update : 02:07 AM IST

74th Day Of Lockdown

Maharashtra80229286942849 Tamil Nadu2869415762235 Delhi2633410315708 Gujarat19119130111190 Rajasthan100847359218 Uttar Pradesh97335648257 Madhya Pradesh89965878384 West Bengal73032912366 Karnataka4835169357 Bihar4598223329 Andhra Pradesh4250256573 Haryana3597120924 Telangana32901627113 Jammu and Kashmir3142104835 Odisha247814819 Punjab2415204347 Assam19894434 Kerala170071215 Uttarakhand115328610 Jharkhand7642975 Chhatisgarh6781892 Tripura6221730 Himachal Pradesh3691636 Chandigarh3022225 Goa126570 Manipur124110 Puducherry90330 Nagaland8000 Arunachal Pradesh3710 Meghalaya33131 Mizoram1710 Sikkim200

Rupee slips 24 paise against USD in early trade

PTI
Published : Mar 14, 2019, 10:04 am IST
Updated : Mar 14, 2019, 10:04 am IST

Rupee is trading at 69.78 against US dollar on increased demand for the greenback from importers and banks.

Strengthening of the American currency in overseas market weighed on the domestic currency.
 Strengthening of the American currency in overseas market weighed on the domestic currency.

Mumbai: The rupee fell 24 paise to 69.78 against the US dollar in opening trade on Thursday on increased demand for the greenback from importers and banks and rising crude oil prices.

Forex dealers said, strengthening of the American currency in overseas market weighed on the domestic currency.

However, sustained foreign fund inflows and higher opening in domestic equities supported the rupee and restricted the fall.

The local unit opened weak at 69.75 at the interbank forex market, then fell further to 69.78 down 24 paise over its last close. The currency, however, pared the initial loss and was trading at 69.63 at 0920 hrs.

The rupee Wednesday had strengthened by 17 paise to close at a two-month high of 69.54 against the US dollar.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 2,722.28 crore on Wednesday, as per provisional data.

Meanwhile, brent crude futures, the global oil benchmark, rose 0.37 per cent to trade at USD 67.80 per barrel.

Indian bourses rallied in early trade on Thursday, with benchmark indices Sensex trading 128.39 points up at 37,880.47 and Nifty at 11,374.99 points, up 33.20 points.

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