LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Rupee slips 24 paise to 70.63 against US dollar in early trade

The rupee Thursday depreciated by 24 paise to 70.63 in early trade on the forex market amid strengthening American currency and weak opening in domestic equities.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rupee slips 24 paise to 70.63 against US dollar in early trade
The rupee Thursday depreciated by 24 paise to 70.63 in early trade on the forex market amid strengthening American currency and weak opening in domestic equities. Source: Reuters
Written By: PTI
Updated: Thu, Dec 20, 2018
10:28 am
PTI
RELATED NEWS
Gold hits six-week low after Fed fuels dollar rally Gold hits six-week low after Fed fuels dollar rally
Analysts had expected Rupee to cross 70; it is now among best performers in Asia Analysts had expected Rupee to cross 70; it is now among best performers in Asia

The rupee Thursday depreciated by 24 paise to 70.63 in early trade on the forex market amid strengthening American currency and weak opening in domestic equities. Forex traders said strength in the US dollar against some currencies overseas weighed on the local unit.

However, fresh foreign fund inflows and easing crude prices capped the losses for the domestic unit. At the Interbank Foreign Exchange, the rupee opened on a weak note at 70.63 against the US dollar, showing a decline of 24 paise over it's previous closing.

On Wednesday, the rupee had settled 5 paise higher at 70.39 against the US dollar. Foreign funds bought shares worth Rs 1,209.21 crore from the capital markets on a net basis Wednesday, while domestic institutional investors sold shares worth Rs 481.46 crore, provisional data showed.

The global benchmark, brent crude oil was trading at USD 56.49 per barrel, lower by 1.31 per cent. Meanwhile, domestic equity market opened on a weaker note. The 30-share BSE benchmark Sensex, was trading at 36,305.11, down 179.22 points in early trade.

The wide-based Nifty was also trading lower by 51.95 points at 10,915.35. 
 

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.

TAGS:
dollar strengtheningUS DollarIndian Rupee
RELATED NEWS
Gold hits six-week low after Fed fuels dollar rally Gold hits six-week low after Fed fuels dollar rally
Analysts had expected Rupee to cross 70; it is now among best performers in Asia Analysts had expected Rupee to cross 70; it is now among best performers in Asia

LATEST NEWS

Gujarat Election Result: Another big win for BJP, defeat for Congress! Check latest seats update in local body municipal, panchayat and taluka polls

ICSE, ISC exams 2021: CISCE releases Class 10, Class 12 date sheet on cisce.org — check exam dates and other details here

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

SBI Cards: Motilal Oswal initiates coverage with a Neutral rating and target price of Rs 1200

PAN Aadhaar Link: Last date is fast approaching! Failing to do this may lead to Rs 10,000 penalty

Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation

Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000

BPCL Privatisation News Today: Money! Special dividend to shareholders? Check latest stake sale update

SBI share price: Technical Analysis for investors by Bonanza Portfolio

Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved