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Rupee weakens to 65

Rupee weakens to 65.58 on fresh dollar demand

Tue Apr 17 2018


The rupee weakened to 65.58 on fresh dollar demand from importers. According to forex dealers, a weak dollar against other currencies overseas capped the rupee's losses.


The rupee opened strong at 65.45 at the interbank forex market today. It hovered in a range of 65.58 and 65.40 before quoting at 65.54, down 5 paise at 10.55 am local time.


Yesterday, the rupee fell 29 paise or 0.44 per cent to close at a six-month low of 65.49 against the US currency on widening trade deficit concerns amid heightened geopolitical worries.


Meanwhile, the benchmark BSE Sensex was trading up by 66.85 points or 0.19 per cent at 34,372.28.


In the overseas market, the dollar steadied as the market's focus shifted back to US trade policy as investors wagered US-led attacks on Syria would not escalate into a wider conflict in West Asia.



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