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Rupee down 25 paise

Rupee down 25 paise

Thu Oct 11 2018

 

The rupee fell in the opening session on Thursday erasing yesterday's gains to hit a new record low of 74.50 against the US dollar.

 

The rupee opened lower at 74.37, and immediately touched a low of 74.50 before being quoted at 74.46 at 9.25 am.

 

The domestic currency slipped tracking weak equity markets amidst strong dollar demand from importers.

 

The BSE Sensex fell sharply by 853 points in the morning trade which aided the negative sentiment for the domestic currency.

 

Strengthening of dollar against other currencies overseas also weighed on the rupee.

 

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

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