Rupee falls 3 paise to 73.64 against US dollar in early trade on increasing demand for American currency

On Wednesday, the rupee had ended lower by 13 paise to 73.61 against the US dollar.

Press Trust of India October 19, 2018 09:44:56 IST
Rupee falls 3 paise to 73.64 against US dollar in early trade on increasing demand for American currency

Mumbai: Continuing its slide, the rupee weakened by 3 paise to 73.64 against the US dollar Friday due to increased demand for the American currency from importers.

At the Interbank Foreign Exchange, the rupee opened lower at 73.62 and slipped further to 73.64 against the dollar, showing a fall of 3 paise.

Traders said besides sustained demand of the US currency from importers, a lower opening in the domestic equity markets also weighed on the local unit.

The losses in the domestic currency were however limited as the US dollar weakened against some currencies overseas.

Rupee falls 3 paise to 7364 against US dollar in early trade on increasing demand for American currency

Representative image.

On Wednesday, the local currency had ended lower by 13 paise to 73.61 against the US dollar.

Forex market remained shut on Thursday on account of "Dussehra".

Meanwhile, on a net basis, foreign funds bought shares worth Rs 140.02 crore, while domestic institutional investors sold shares to the tune of Rs 343.11 crore Wednesday, provisional data showed.

The benchmark BSE Sensex fell 408.45 points, or 1.17 percent, to 34,371.13 in the opening trade.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

In Maharashtra's Thane, medicos give 106-year-old woman who beat COVID-19 warm farewell
India

In Maharashtra's Thane, medicos give 106-year-old woman who beat COVID-19 warm farewell

After the Dombivli-based centenarian contracted the disease, no hospital was initially ready to admit her due to her age, said her daughter-in-law

Route Mobile IPO: How to check your allotment status on bseindia.com
India

Route Mobile IPO: How to check your allotment status on bseindia.com

The Mumbai-based cloud communications service provider is exepcted to be listed on the exchanges on 21 September with a final issue price of Rs 350 per share