Rupee trading weak at 64.14

PTI Updated - December 07, 2021 at 01:46 AM.

rupee

The rupee was trading weak at 64.14 due to heavy dollar demand from importers despite a rally in domestic equities.

Beside, the strengthening of dollar against other currencies overseas dampened the rupee sentiment.

The rupee resumed lower at 64.10 per dollar against yesterday’s closing level of 64.04 at the Interbank Foreign Exchange (Forex) market.

The domestic unit further weakened to 64.16 before being quoted at 64.14 at 4.40 pm local time.

The local currency moved in a range of 64.16 and 63.98 in the evening trade.

Globally, the US dollar held near one-week highs against a basket of major currencies in early trade as investors interpreted the latest US GDP readings as keeping the Federal Reserve on track for its first interest rate hike since 2006.

Meanwhile, the benchmark BSE Sensex surged 409.21 points or 1.48 per cent to end at 28,114.56.

Published on July 31, 2015 04:25