Rupee slumps 8 paise against dollar

On Monday, the local currency rose 5 paise to close at a two-week high of 67.27.

By: PTI | Mumbai | Published:July 5, 2016 10:04 am
rupee fall, rupee against dollar, rupee dollar, dollar demand, dollar against rupee, Indian currency rate falls, India rupee rate, Indian economy, business market, latest news, Indian rupees, Indian Rupees drops against dollar, indian currency rate, rupee rate, business news, currency market, business market, stock exchange, latest news The dollar firmed up against some global currencies, which weighed on the rupee, dealers said.

The rupee lost some ground as it weakened by 8 paise to 67.35 against the dollar at the forex market on Tuesday following fresh demand for the American unit from importers and banks amid a lower opening in domestic equities.

The dollar firmed up against some global currencies, which weighed on the rupee, dealers said.

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On Monday, the local currency rose 5 paise to close at a two-week high of 67.27 on sustained selling of dollars by banks and exporters on the back of a higher opening in the domestic stock market.

Meanwhile, the benchmark BSE Sensex fell 33.44 points, or 0.12 per cent, to 27,245.32 in early trade.

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