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.


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