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Rupee weakens by 12 paise to 65

Rupee weakens by 12 paise to 65.11 ahead of Fed minutes

Wed Apr 11 2018

 

The rupee depreciated 12 paise to 65.11 against the US dollar in early trade ahead of the release of US Fed meeting minutes scheduled later in the day. However, the dollar’s weakness against select currencies overseas capped the rupee’s losses.

 

Yesterday, the rupee had ended higher by 3 paise at 64.99 against the American currency due to easing of US-China trade war fears. Meanwhile, the benchmark BSE Sensex advanced by 92.26 points or 0.27 per cent to 33,972.51 in early trade.

 

Meanwhile, foreign portfolio investors (FPIs) had sold equities worth Rs 684.99 crore yesterday, provisional data showed.

 

Source: https://www.thehindubusinessline.com/

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