Mumbai, India (BBN) – Indian rupee was trading lower by 13 paisa at 67.01 against the US dollar in the evening session as the American currency gained strength overseas.
The rupee sentiment was also hit as industrial production contracted to a four-month low of 0.4 per cent in December, reports The Hindu Business Line.
Forex dealers said increased demand for the US currency from importers and the dollar’s gain against other currencies overseas put pressure on the rupee.
The domestic unit opened weak by 5 paise at 66.93 against the previous close of 66.88 at the Intebank Foreign Exchange market today.
It hovered in a range of 67.03 and 66.91 before quoting at 67.01, down 13 paisa at 4.15 pm local time.
Meanwhile, the 30-share BSE index Sensex ended higher by 17.37 points or 0.06 per cent at 28,351.62.
The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief as the closely watched two-day US-Japan summit held over the weekend was seen to have ended smoothly.
The dollar index against a basket of major currencies was up 0.15 per cent at 100.930, close to a near two-week high of 101.010 reached on Friday when pledges of “phenomenal” tax reforms by Trump had boosted the greenback.