4:59 pm - Thursday March 28, 2024

Rupee down 15 paise against dollar

1051 Viewed News Editor Comments Off on Rupee down 15 paise against dollar
Rupee down 15 paise against dollarRupee down 15 paise against dollar
Rupee down 15 paise against dollar

Extending its losses for the fourth straight day, the rupee fell by another 15 paise to 62.29 against the dollar in early trade on Friday on the Interbank Foreign Exchange market due to strengthening of American unit overseas.

Dealers attributed the rupee’s fall to dollar rising to five-year high against the yen overseas after the US Federal Reserve’s decision to start tapering its monetary stimulus programme.

They said, however, a higher opening in the domestic equity market capped the fall.

The rupee had lost five paise in Thursday’s trade to close at 62.14, the lowest level in more than two weeks, amid weakness in local stocks after the US Federal Reserve said it would cut its bond purchases.

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
India will never compromise on food security: Anand Sharma

India will never compromise on food security: Anand Sharma

Sensex, Nifty surge most in 7 weeks on RBI hopes; rupee gains 0.6%

Sensex gains 173 points during pre-noon trade

Related posts