Rupee down 6 paise Vs USD in late morning deals
The rupee pared its early losses in late morning deals to trade at 65.09 per dollar, still down by 6 paise due to persistent demand for the greenback from importers and banks.
The rupee opened lower at 65.13 per dollar as against yesterday's closing level of 65.03 per dollar at the interbank forex market and slipped further to 65.17 per dollar.
It regained some of its lost ground to quote at 65.09 at 1025 hrs.
Amazon unveils smartphone deals with EMI starting at Rs 485: Check offers on Samsung Galaxy A05, Samsung Galaxy M34 5G, Redmi 12 5G Pastel and Redmi Note 12
CMF Neckband Pro, Buds with 50dB Hybrid ANC to be launched alongside Nothing Phone (2a) - Check Details
Shark Tank India Season 3: Starting business with Rs 50K after his father's NSE-listed company went bankrupt, this Mumbai entrepreneur gets 4-Shark deal
Mahtari Vandana Yojana: Govt scheme to provide Rs 12,000 financial aid to women — Check installment date and application status
"Weakness in dollar overseas is cushioning the rupee," a dealer said.
The US dollar slipped against a basket of currencies in early Asian trade, hurt by a media report that suggested the implementation of a centrepiece corporate tax cut under discussion in US tax reforms plans could be delayed.
The BSE Sensex trading higher by 63.94 points, or 0.19 per cent, at 33,434.70 at 1040 hrs.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)