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Rupee hits fresh 5-month low of 65

Rupee hits fresh 5-month low of 65.36; retail inflation data eyed

Thu Apr 12 2018


The rupee shed 5 paise to hit a fresh five-month low of 65.36 against the US dollar in early trade following increased demand for the American currency from banks and importers.


Investors are cautious ahead of consumer price inflation data due later in the day. Moreover, the US dollar’s gains against some currencies overseas, on surging crude oil prices and growing geopolitical uncertainties, weighed on the domestic unit, forex dealers said.


However, a firm domestic equity market capped the rupee’s fall. The benchmark BSE Sensex regained the 34K-level by gaining 62.38 points or 0.18 per cent to 34,002.82 in early trade.


Yesterday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar.



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