This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.

Rupee Falls By 16 Paise Against Dollar

Rupee Falls By 16 Paise Against Dollar
Stack of Indian Rupee
selensergen via Getty Images
Stack of Indian Rupee

MUMBAI -- The rupee depreciated by 16 paise to 64.99 against the US currency in early trade today due to strong demand for the dollar from importers.

The rupee had closed at 64.83 against the dollar at the Interbank Foreign Exchange on Friday last.

Dealers attributed the rupee's fall to increased demand for the US currency from importers. However, a higher opening in the domestic equity markets capped the losses.

Meanwhile, the benchmark BSE Sensex rose 147.33 points, or 0.53 per cent, to 27,618.14 in early trade.

Contact HuffPost India

Close
This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.