Rupee sheds 33 paise against US dollar in early trade

Meanwhile, the benchmark BSE Sensex fell 349.78 points, or 0.97  per cent , to 35,863.60 in opening deals Tuesday.

Rupee sheds 33 paise against US dollar in early trade
Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said. PTI
Written By: PTI
Updated: Tue, Feb 26, 2019
11:26 am
Mumbai, PTI
RELATED NEWS
Rupee vs Dollar: INR drops by 16 paise to over 1-month low on strong USD demand Rupee vs Dollar: INR drops by 16 paise to over 1-month low on strong USD demand
Rupee clocks 1st gain in four days, ends 4 paise higher to USD Rupee clocks 1st gain in four days, ends 4 paise higher to USD

 The rupee depreciated 33 paise to 71.30 against the US dollar in early trade Tuesday at the forex market on fresh demand for the US currency from importers.

Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said.

Watch This Zee Business Video

On Monday, the rupee firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.

Meanwhile, the benchmark BSE Sensex fell 349.78 points, or 0.97 per cent, to 35,863.60 in opening deals Tuesday.

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.