Rupee down 10 paise vs US dollar in early trade

Rupee down 10 paise vs US dollar in early trade

PTIUpdated: Friday, May 31, 2019, 08:14 PM IST
article-image

Mumbai: The rupee was trading lower by 10 paise at 66.83 against the dollar in early trade on sustained foreign fund outflows amid increased demand for the US currency from importers.

Moreover, lower opening in domestic equities also weighed on the domestic currency, dealers said.

The dollar was weak against major global currencies, capping the rupee losses, they added.

The rupee had lost 4 paise to close at 66.73 per dollar in yesterday’s trade on firm demand for the American unit from importers.

Meanwhile, the benchmark BSE Sensex was trading lower by 98.89 points or 0.38 per cent to 25,431.22 in early deals.

RECENT STORIES

India Electronics Association Lauds Government's Commitment Of ₹4,500 Crore To Modernise...

India Electronics Association Lauds Government's Commitment Of ₹4,500 Crore To Modernise...

RBI's Monetary Policy Review To Take Place Amidst Low Inflation & Growth

RBI's Monetary Policy Review To Take Place Amidst Low Inflation & Growth

'Indian Tea Needs To Develop A Wider Catalogue Of Internationally Marketable Varieties': Piyush...

'Indian Tea Needs To Develop A Wider Catalogue Of Internationally Marketable Varieties': Piyush...

'Under The Leadership Of Prime Minister Narendra Modi, India Is Rapidly Moving Toward Self-Reliance...

'Under The Leadership Of Prime Minister Narendra Modi, India Is Rapidly Moving Toward Self-Reliance...

SEBI Chairman Tuhin Kanta Pandey Stresses Need For Financial Literacy & Investor Protection

SEBI Chairman Tuhin Kanta Pandey Stresses Need For Financial Literacy & Investor Protection