Rupee falls by 14 paise to fresh 29-month low of 68.19 against dollar
The rupee extended losses for the third session as it dropped by 14 paise of 68.19 against the dollar in Thursday’s early trade.business Updated: Jan 28, 2016 10:09 IST
The rupee extended losses for the third session as it dropped by 14 paise of 68.19 against the dollar in Thursday’s early trade. The fresh 29-month low was hit following month-end demand from importers and banks amid a strengthening American currency overseas.
Forex dealers said increased demand for the dollar and a lower opening in the domestic equity market kept pressure on the rupee.
The rupee had shed 22 paise to close at a new 29-month low of 68.05 on Wednesday on sustained demand for the greenback from banks and importers amid a lower value overseas.
Meanwhile, the benchmark BSE Sensex fell 91.87 points, or 0.37%, at 24,400.52 in early trade.