Rupee softens 11 paise in early trade

Posted on:12 Apr 2017 10:16:30
Rupee softens 11 paise in early trade
12 April 2017 Current Affairs:

The rupee shed 11 paise to 64.61 against the US dollar in early trade on Wednesday following fresh demand for the American currency from banks and importers.Moreover, the US dollar’s gains against some currencies overseas put the rupee on backfoot, forex dealers said.However, a higher opening of the domestic equity market capped the rupee’s fall .Meanwhile, the benchmark BSE Sensex rose by 50.47 points, or 0.16 per cent, to 29,838.82 in the opening trade.Yesterday, the rupee had recovered some of the lost ground and advanced by 6 paise to end at 64.50 against the US dollar amid mild selling of the American currency by exporters.


The rupee shed 11 paise to 64.61 against the US dollar in early trade on Wednesday following fresh demand for the American currency from banks and importers.Moreover, the US dollar’s gains against some currencies overseas put the rupee on backfoot, forex dealers said.However, a higher opening of the domestic equity market capped the rupee’s fall .Meanwhile, the benchmark BSE Sensex rose by 50.47 points, or 0.16 per cent, to 29,838.82 in the opening trade.Yesterday, the rupee had recovered some of the lost ground and advanced by 6 paise to end at 64.50 against the US dollar amid mild selling of the American currency by exporters.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 October

15 OCTOBER
NEWS
14 OCTOBER
NEWS
13 OCTOBER
NEWS
12 OCTOBER
NEWS

Current Affairs 2018 September

30 SEPTEMBER
NEWS
29 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS