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  Business   Market  24 Nov 2017  Rupee weakens 14 paise against US dollar in early trade

Rupee weakens 14 paise against US dollar in early trade

PTI
Published : Nov 24, 2017, 10:06 am IST
Updated : Nov 24, 2017, 10:06 am IST

On Thursday, the rupee had staged a rebound and ended at a fresh three-week high of 64.58 against the US dollar.

The rupee dropped 14 paise to 64.72 against the US dollar on Friday. (Photo: PTI)
 The rupee dropped 14 paise to 64.72 against the US dollar on Friday. (Photo: PTI)

Mumbai: The rupee dropped 14 paise to 64.72 against the US dollar on Friday after the American currency gained traction among importers.

However, the US dollar was listless against the euro in the global market after data showed that the euro zone economy continued to improve and job creation grew at its fastest pace in 17 years. An upward movement in domestic equities, however, prevented the rupee from going further down, traders said.

On Thursday, the rupee had staged a rebound and ended at a fresh three-week high of 64.58, jumping 34 paise, after US Fed minutes signalled a shallow rate hike path.

Meanwhile, the benchmark BSE Sensex on Friday advanced by 101.78 points, or 0.30 per cent, to 33,689.86. 

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