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  Business   Market  19 Jul 2018  Rupee slips 12 paise against US dollar in early trade

Rupee slips 12 paise against US dollar in early trade

PTI
Published : Jul 19, 2018, 9:36 am IST
Updated : Jul 19, 2018, 9:36 am IST

Rupee is trading at 68.74 against dollar, hurt by fresh demand for American currency from importers.

A higher opening of the stock market capped the rupee's fall.
 A higher opening of the stock market capped the rupee's fall.

Mumbai: The rupee weakened by 12 paise to 68.74 against the US dollar on Thursday, hurt by fresh demand for the American currency from importers.

Traders said besides fresh demand of the US currency from importers, dollar's firmness against some currencies overseas weighed on the domestic unit.

However, a higher opening of the stock market capped the rupee's fall.

The local currency had depreciated 17 paise to settle at 68.62 on Wednesday against the greenback.

The benchmark Sensex rose by 142.14 points, or 0.39 per cent, to 36,515.58 in early session on Thursday. 

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