Rupee opens 13 paise lower against US dollar

The rupee had appreciated 18 paise against the American currency to end at a one-week high of 64.44 on Friday, buoyed by stocks that soared to life highs.

By: PTI | Mumbai | Published: May 29, 2017 10:11 am
Rupee, paisa, Rupee value, dollar, Rupee against dollar, rupee rise, Rupee value today,  business news, sensex, niifty, indian express news Forex dealers said the US dollar’s gain against other currencies overseas and a lower opening of the domestic equity market put pressure on the rupee. (Representational photo)

The rupee weakened by 13 paise to 64.57 against the US dollar in early trade on increased month-end demand for the American currency from importers and banks. Forex dealers said the US dollar’s gain against other currencies overseas and a lower opening of the domestic equity market put pressure on the rupee.

The rupee had appreciated 18 paise against the American currency to end at a one-week high of 64.44 on Friday, buoyed by stocks that soared to life highs.

Meanwhile, the benchmark BSE Sensex retreated from record highs by falling 158.31 points, or 0.51 per cent, to 30,869.90 in opening trade on Monday.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results