Indian rupee Vs dollar today: Trade war concerns limits Rupee's slide
Indian rupee was trading at 65.045 down by 0.100 or 0.15%
Indian Rupee tumbled against US benchmark dollar index in the forex market. It is being known that the American unit slid on China who raised tariffs on U.S. goods in an escalating spat between the world`s two biggest economies. However, in the early trade, the domestic currency strengthened by 9 paise to 65.09 against the US dollar on fresh selling of the greenback by exporters.
At around 1045 hours, Indian rupee was trading at 65.045 down by 0.100 or 0.15%, as per Investing.com.
Dealers said in a PTI report that, the dollar weakened against other global currencies as China imposed extra tariffs on US products, escalating a dispute between two of the world's biggest economies, and supporting the domestic unit here.
In previous trading session, the rupee finished 21 paise lower at 65.18 against the US currency on fiscal deficit concerns.
Forex market remained shut yesterday due to annual accounts closing. The market also remained shut on Thursday and Friday for Mahavir Jayanti and Good Friday, respectively.
Meanwhile, the benchmark BSE Sensex reversed previous gains and was trading at 33,204.08 lower by 51.28 points or 0.15%, however, in early opening, the index dropped 96.77 points, or 0.29%, to 33,158.59. On the other hand, Nifty 50 tumbled by 14.50 points or 0.14% trading at 10,197.30.