Rupee down 13 paise against dollar in early trade

Posted on:20 Apr 2017 10:32:31
Rupee down 13 paise against dollar in early trade
20 April 2017 Current Affairs:

The rupee lost 13 paise against the dollar to 64.71 in early trade on Thursday on the Interbank Foreign Exchange due to appreciation of the U.S. currency overseas.Increased demand for the dollar from importers also put pressure on the rupee.Dealers attributed the rupee’s fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market capped the fall Meanwhile, the BSE benchmark Sensex rose 63.57 points, ore today 0.22 per cent, at 29,400 in early trade.On Wednesday, the rupee had gained 5 paise to close at 64.58 a dollar on fresh selling of the American currency by banks and exporters.


The rupee lost 13 paise against the dollar to 64.71 in early trade on Thursday on the Interbank Foreign Exchange due to appreciation of the U.S. currency overseas.Increased demand for the dollar from importers also put pressure on the rupee.Dealers attributed the rupee’s fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market capped the fall Meanwhile, the BSE benchmark Sensex rose 63.57 points, ore today 0.22 per cent, at 29,400 in early trade.On Wednesday, the rupee had gained 5 paise to close at 64.58 a dollar on fresh selling of the American currency by banks and exporters.


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