Rupee plunges 17 paise against dollar on lower opening of Indian markets

Dealers attributed the fall to a lower opening of the domestic equity market.

Rupee plunges 17 paise against dollar on lower opening of Indian markets
Rupee falls by 7 paise against the dollar. Photo: Collin Furtado

The rupee depreciated by another 17 paise to 66.84 against the dollar in early trade on Wednesday on increased demand for the greenback from importers amid appreciation in the US currency overseas.

Dealers attributed the fall to a lower opening of the domestic equity market.

On Tuesday, the rupee had lost 9 paise to close at 66.67 against the dollar.

Meanwhile, the benchmark BSE Sensex tanked 337.49 points, or 1.31%, to 25,435.04 in early trade on Monday. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/news-sbi-special-fd-green-deposit-calculator-1111-1777-2222-day-interest-rate-for-senior-and-general-citizens-maturity-amounts-on-inr-rs-250000-500000-750000-1000000-investments-in-guaranteed-return-318922

SBI Special FD: What will be maturity amounts on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investments in Green Deposit's 1111-, 1777-, and 2222-day schemes?

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-mid-cap-mutual-funds-with-highest-best-sip-returns-in-xirr-3-years-calculator-how-inr-rs-21000-monthly-investment-has-grown-in-each-motilal-oswal-mahindra-edelweiss-invesco-nippon-hsbc-aum-nav-318727

Top 7 Mid Cap Mutual Funds With Highest SIP Returns in 3 Years: No. 1 fund has turned Rs 21,000 monthly SIP into Rs 14.88 lakh; here's how others have done

https://www.zeebiz.com/personal-finance/photo-gallery-gratuity-calculator-for-9-years-of-service-and-inr-rs-50000-as-last-drawn-basic-salary-1972-act-retirement-superannuation-rules-calculation-who-gets-employer-employee-318791

Gratuity Calculator: 9 years of service and Rs 50,000 as last-drawn basic salary; what will be your gratuity; see details

https://www.zeebiz.com/markets/stocks/photo-gallery-7-stocks-to-buy-for-long-term-largecap-midcap-smallcap-shares-to-pick-for-growing-your-money-over-1-year-and-beyond-see-12-month-targets-tp-scrips-analysts-bullish-319001

Stocks to Buy for Long Term: 1 smallcap, 3 midcap, 8 largecap stocks analysts are upbeat about; check out targets for your portfolio

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-fd-senior-general-citizen-latest-highest-best-fixed deposit-interest-rates-2024-india's-top-lender-offering-rates-for-amrit-vrishti-1-3-and-5-year-guaranteed-return-fixed-income-schemes-318765

FD interest rates that SBI is offering to senior citizens and general citizens in its Amrit Vrishti, 1-, 3-, and 5-year guaranteed return schemes

https://www.zeebiz.com/personal-finance/news-this-is-the-only-state-in-india-sikkim-tax-exemption-residents-earn-crores-annually-without-paying-a-single-rupee-in-income-tax-check-why-and-how-know-legal-takeaways-318407

This is India's only tax-free state; residents earn crores annually without paying a single rupee in Income Tax

Updated: Wed, May 11, 2016
09:58 AM IST
Mumbai, PTI

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x