This Article is From Mar 15, 2018

Rupee Sheds 9 Paise Against US Dollar

Weakness in the US dollar against select currencies on lingering worries of a global trade war limited the fall in rupee, dealers said.

Rupee Sheds 9 Paise Against US Dollar

The rupee fell 9 paise to 64.92 against the US dollar in the opening session

Mumbai: The rupee depreciated by 9 paise to 64.92 against the US dollar in opening trade on Thursday on fresh demand for the greenback from importers and banks.

Also, foreign capital outflows amid a lower opening in the equity market weighed on the domestic units.

However, weakness in the US dollar against select currencies on lingering worries of a global trade war limited the fall in rupee, dealers said.

The rupee fell 9 paise to 64.92 against the US dollar in the opening session.

Yesterday, it had ended higher by 6 paise at 64.83 against the dollar as the American unit weakened against major currencies following US inflation data and Secretary of State Rex Tillerson's exit.