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  Business   Market  29 Nov 2017  Rupee slides 10 paise against US dollar in early trade

Rupee slides 10 paise against US dollar in early trade

PTI
Published : Nov 29, 2017, 11:11 am IST
Updated : Nov 29, 2017, 11:11 am IST

Dealers attributed the rupee's fall to increased month-end demand for the US currency from importers.

The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday. (Photo: AP)
 The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday. (Photo: AP)

Mumbai: The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday at the interbank foreign exchange due to appreciation of the American currency overseas.

Dealers also attributed the rupee's fall to increased month-end demand for the US currency from importers. Domestic equity market opening with gains, however, capped the rupee losses to some extent, they said.

On Tuesday, the rupee had gained further ground against the US currency and finished at a new two-month high of 64.41, appreciating by 9 paise after sustained dollar unwinding by exporters and corporates.

Meanwhile, the benchmark Sensex rose 67.90 points, or 0.20 per cent, to 33,686.49 in early trade.  

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