Rupee slumps to 68
Rupee slumps to 68.85
Fri Aug 10 2018
The rupee declined by 17 paise to
68.85 per dollar in early trade due to appreciation of the American currency
overseas. A weak trend at Dalal Street also weighed on the rupee sentiment at
the Interbank Foreign Exchange market.
Forex dealers said increased
demand for the US currency from importers and its gains against other
currencies overseas had put pressure on the domestic unit.
Yesterday, the rupee had ended
lower by 5 paise to 68.68 against the US dollar on renewed buying interest for
the greenback even as domestic equities remained in a triumphant mode.
Meanwhile, the benchmark BSE
Sensex slipped from its record high, falling 106.02 points, or 0.27 per cent,
to 37,918.35. The NSE Nifty too fell 25.50 points, or 0.22 per cent, to
11,445.20.
Source: https://www.thehindubusinessline.com
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