Rupee Weakens Against Dollar These Days
The dollar control firm on Wednesday against a basket of currencies when Wall Street shot to record peaks.
The rupee depreciated ten paise to 64.51 against the dollar in early trade these days at the interbank interchange attributable to appreciation of the American currency overseas. Dealers conjointly attributed the rupee's fall to inflated month-end demand for the U.S. currency from importers.
Domestic equity markets were flat in early trade. Yesterday, the rupee had gained additional ground against the U.S.currency and finished at a brand new two-month high of 64.41, appreciating by nine paise when sustained greenback unreeling by exporters and corporates.
The dollar control firm on Wednesday against a basket of currencies when Wall Street shot to record peaks amid signs of progress on U.S. tax cuts. Against a basket of currencies, the U.S. dollar was steady at 93.233 and off a two-month trough of 92.496 touched on Mon.
The dollar likewise edged up to 111.57 yen and off from a 10-week low of a 110.85, whereas the euro backed off to $1.1844.
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The rupee depreciated ten paise to 64.51 against the dollar in early trade these days at the interbank interchange attributable to appreciation of the American currency overseas. Dealers conjointly attributed the rupee's fall to inflated month-end demand for the U.S. currency from importers.
Domestic equity markets were flat in early trade. Yesterday, the rupee had gained additional ground against the U.S.currency and finished at a brand new two-month high of 64.41, appreciating by nine paise when sustained greenback unreeling by exporters and corporates.
The dollar control firm on Wednesday against a basket of currencies when Wall Street shot to record peaks amid signs of progress on U.S. tax cuts. Against a basket of currencies, the U.S. dollar was steady at 93.233 and off a two-month trough of 92.496 touched on Mon.
The dollar likewise edged up to 111.57 yen and off from a 10-week low of a 110.85, whereas the euro backed off to $1.1844.
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