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Business News » India News

This is what will move your rupee today; check now

 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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This is what will move your rupee today; check now
Representational Image: Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Wed, Apr 18, 2018
11:39 am
Mumbai, ZeeBiz WebDesk
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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%.
 

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TAGS:
Indian RupeeINR Vs USDUS dollar indexMarketsEconomy
RELATED NEWS
For every rupee government earns, 53 paise to come from taxes For every rupee government earns, 53 paise to come from taxes
Rupee falls 24 paise to 73.48 against US dollar in early trade Rupee falls 24 paise to 73.48 against US dollar in early trade
CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times CURRENCY IN CIRCULATION - Rise by Rs 3.23 lakh cr in first nine months of FY21; Know what people preferred in Covid times
Rupee rises 7 paise to close at 73.24 a dollar Rupee rises 7 paise to close at 73.24 a dollar
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