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Indian rupee Vs dollar: Rupee was trading at 65.675 down by 0.008 paisa or 0.01% against US dollar index

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Indian rupee Vs dollar: The Indian rupee was trading on a negative note on Wednesday against US benchmark dollar index in interbank forex market. In early opening, the domestic unit weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar on fresh demand for the greenback from importers and banks.

At around 1133 hours, Indian rupee was trading at 65.675 down by 0.008 paisa or 0.01% against US dollar index. Dealers attributed in a PTI report, that the rupee’s persistent fall to increased demand for the US currency from importers and foreign fund outflows.

According to Reuters report, the dollar index , which measures the greenback against six other major currencies, rose 0.06%, strengthened by the weaker euro and sterling and by stronger-than-expected U.S. housing starts in March and a positive reading on industrial production.

On previous day, the Indian rupee had lost 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.

The performance of rupee was also impacted by concerns over oil prices, a global trade war threat, and the widening current account deficit.

Meanwhile, the benchmark BSE Sensex was trading at 34,478.78 above 83.72 points or 0.24%, however, in early trade, the index advanced by 110.13 points, or 0.32 per cent, to 34,505.19. At the same time, Nifty 50 was trading at 10,568.55 up 19.85 points or 0.19%.

Source zeebiz.com
Via zeebiz.com

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