Rupee sheds 15 paise
Team Udayavani, Apr 19, 2018, 2:59 PM IST
Mumbai: The rupee depreciated 15 paise to 65.81 against the US dollar in opening trade at the interbank forex market today on increased demand for the greenback from importers and banks amid soaring crude oil prices overseas.
Foreign capital outflows too weighed on the domestic unit.
However, weakness in the US dollar against select currencies and higher opening in domestic equity market capped the fall in the rupee, dealers said.
On Wednesday the rupee had slipped by 2 paise to settle at a seven-month low of 65.66 against the US currency due to sustained dollar demand.
On a net basis, foreign funds sold worth equities 915.71 crore yesterday, provisional data showed.
Meanwhile, the benchmark BSE Sensex gained 147.14 points, or 0.42 per cent, at 34,478.82 in opening deals.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Global trends, earnings, FII trading activity major drivers for markets this week: Analysts
India must address ‘inequality’ to become flourishing nation, says Tata Sons chairman
Vi rolls out annual plans with unlimited data usage from midnight till noon every day
Budget Wishlist: Financial sector seeks tax sops, steps to deepen financial markets
India’s manufacturing growth hits 12-month low in Dec amid softer rise in output, new orders
MUST WATCH
Latest Additions
TN CM announces USD 1 million prize for decoding Indus valley script
PM assures no welfare scheme to be stopped if BJP forms govt in Delhi, says AAP has no vision
Siddaramaiah urges youth to stay away from divisive forces misusing religion, caste
Kasaragod: Fire breaks out at plywood mill in Battipadavu
Ramesh Bidhuri expresses regret as row erupts over his ‘roads like Priyanka Gandhi’s cheeks’ remarks
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.