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  Business   Market  11 Aug 2017  Rupee down by 19 paise against dollar in early trade

Rupee down by 19 paise against dollar in early trade

PTI
Published : Aug 11, 2017, 9:51 am IST
Updated : Aug 11, 2017, 9:51 am IST

Rupee is trading at 64.27 against US dollar due to strong demand for American currency from importers.

Dealers said early losses in domestic equity markets also influenced the rupee.
 Dealers said early losses in domestic equity markets also influenced the rupee.

Mumbai: The rupee fell further by 19 paise to 64.27 against the US dollar in early trade on Friday due to strong demand for the American currency from importers amid foreign fund outflows.

Dealers said early losses in domestic equity markets also influenced the rupee.

Besides, strength in the US dollar against some other currencies overseas weighed on the rupee sentiment, they said.

Yesterday, the rupee had tumbled by 24 paise to hit a fresh one-week low of 64.08 against the US dollar.

Meanwhile, the benchmark BSE Sensex tanked 336.46 points, or 1.06 per cent, to 31,194.87 in early trade on Friday.

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