BUSINESS

Rupee opens 25 paise lower against dollar at 67.28

Source:PTI
May 30, 2016 10:31 IST

US dollar's gain against other currencies overseas gave the rupee the sinking feeling

The rupee weakened 25 paise to 67.28 against the dollar in early trade following month-end demand for the American currency from importers and banks.

Forex dealers said the US dollar's gain against other currencies overseas also gave the rupee the sinking feeling.

However, a higher opening of the domestic equity market capped the losses.

The rupee had appreciated 14 paise against the American currency to end at a one-week high of 67.03 on Friday on the back of robust dollar inflows in equities.

Source: PTI
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Recommended by Rediff.com

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email