Rupee sheds 33 paise against in early trade on fresh demand for dollar from importers

On Monday, the rupee firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies.

Press Trust of India February 26, 2019 11:24:55 IST
Rupee sheds 33 paise against in early trade on fresh demand for dollar from importers
  • Strength in dollar against some currencies and lower opening in domestic equities kept pressure on rupee

  • On Monday, the rupee firmed up by 17 paise to close at 70.97 in line with most Asian currencies

Mumbai: The rupee depreciated 33 paise to 71.30 against the US dollar in early trade Tuesday at the forex market on fresh demand for the US currency from importers.

Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said.

On Monday, the rupee firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.

Meanwhile, the benchmark BSE Sensex fell 349.78 points, or 0.97 percent, to 35,863.60 in opening deals Tuesday.

Updated Date:

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