Mumbai, July 20:
The rupee weakened by 7 paise to 64.35 against the dollar due to fresh demand for the American currency from importers and the dollar’s strength against other currencies overseas.
But continuous foreign capital inflows and a firm domestic stock market prevented the rupee’s further slide.
The rupee had gained 5 paise to settle at a nearly six-week high of 64.28 yesterday on steady selling of the American currency by banks and exporters.
Meanwhile, the benchmark Sensex rose 101.77 points or 0.31 per cent to 32,057.12 in early trade.
(This article was published on July 20, 2017)
Please enter your email. Thank You.
Newsletter has been successfully subscribed.