Rupee drops 14 paise to 66.62 vs US dollar - Hindustan Times
close_game
close_game

Rupee drops 14 paise to 66.62 vs US dollar

PTI | By, Mumbai
Apr 25, 2016 06:43 PM IST

Extending its fall for the third session, the rupee on Monday dropped by another 14 paise to close at 66.62 against the US dollar on persistent demand for the American currency from banks and importers amidst lower domestic equities.

Extending its fall for the third session, the rupee on Monday dropped by another 14 paise to close at 66.62 against the US dollar on persistent demand for the American currency from banks and importers amidst lower domestic equities.

Weakness of dollar in the overseas market as well as good foreign capital inflows restricted the rupee’s loss against the dollar, a forex dealer said.

Hindustan Times - your fastest source for breaking news! Read now.

The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday’s level of 66.48 at the Interbank Foreign Exchange (Forex) market and dropped further to 66.76 before concluding at 66.62, showing a loss of 14 paise or 0.21 per cent.

The domestic currency has dropped by 40 paise or 0.60% in the last three trading days.

Meanwhile, the dollar index was down by 0.21 per cent against a basket of six currencies in the later afternoon trade.

The RBI fixed the reference rate for the dollar at 66.6839 and euro at 74.9527.

In cross-currency trades, the rupee continued to fall against the pound sterling to finish at 96.51 from 95.65 on last Friday.

It also dropped against the euro to 74.99 per euro from 74.91 per euro previously.

However, the domestic currency moved up against the yen to 59.94 per 100 yens from 60.08.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On