Indian Rupee slips from 1-month high

Last updated: September 21, 2015

Mumbai, India (BBN)-Indian rupee slipped from a one-month high by depreciating 21 paise to 65.88 against the US dollar at the Interbank Foreign Exchange in early trade on Monday on foreign funds outflows amid fresh demand for the American currency from importers.
Forex dealers said a lower opening of the domestic equity market also weighed, but dollar’s weakness against other currencies capped the losses, reports the PTI.
The rupee had surged 79 paise — its biggest single-day gain so far this year — to settle at the one-month high of 65.67 on Friday following heavy selling of the greenback after worries over US interest rate hike abated.
Meanwhile, the benchmark BSE Sensex dipped below the 26,000-mark by slumping 220.24 points, or 0.84 per cent, to 25,998.67 in early trade.
BBN/SK/AD

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram