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Rupee sheds 10 paise against dollar ahead of macro data

Rupee sheds 10 paise against dollar ahead of macro data

Tue June 12 2018

 

The rupee depreciated by 10 paise to 67.52 against the US dollar in early trade today ahead of release of key IIP and inflation data. Dealers attributed the rupee’s fall to fresh demand for the US currency but a higher opening in domestic stocks limited the fall.

 

Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got under way in Singapore.

 

Yesterday, the rupee had ended 8 paise higher at 67.42 against the US currency, cutting short its two-day decline.

 

Meanwhile, the benchmark BSE Sensex was trading higher by 84.35 points, or 0.23 per cent, at 35,567.82 in opening deals.

 

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

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