Comments
The rupee declined by 16 paise to 64.18 (intra-day) against the US dollar due to foreign capital outflows.
According to forex dealers, a weak domestic equity market on renewed geopolitical tensions after North Korea’s latest nuclear test yesterday capped the rupee's gains.
The domestic unit opened strong by 6 paise at 63.96 at the Interbank Foreign Exchange market today. It hovered in a range of 64.00 and 63.93 before quoting at 64.06, down 4 paise at 4.30 pm local time.
The rupee had ended lower by 12 paise against the US dollar to end at 64.02 on Friday after the latest GDP numbers showed the country’s economic growth slowed to a three-year low.
The dollar fell to as low as 109.22 yen in early trade and last stood at 109.87 yen, down 0.3 per cent from levels seen in late US trade on Friday. The euro was 0.2 per cent lower at 130.59 yen, having fallen to 129.65 earlier.
The BSE index dropped 189.98 points or 0.6 per cent to 31,702.25, while the broader NSE index closed down by 61.55 points or 0.62 per cent at 9,912.85.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.