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Rupee falls 9 paise to 64

Rupee falls 9 paise to 64.98

Thu Mar 08 2018


The rupee was trading lower by 9 paise at 64.98 against the dollar in morning trade today as the American unit strengthened overseas amid foreign fund outflows.


The local currency opened at 2 paise down at 64.91 and traded in the range of 64.99 and 64.91.


Forex dealers said increased demand for the US currency from importers and the greenback’s gains against other currencies overseas after news of potential US tariff exemptions put pressure on the rupee.


Yesterday, it had gained 7 paise to close at a one-week high of 64.89 against the US currency due to sustained dollar selling by exporters and banks.



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