Rupee ends marginally lower at 64.75 vs US dollar | business | Hindustan Times
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Rupee ends marginally lower at 64.75 vs US dollar

The rupee ended marginally lower by one paise to 64.75 against the American currency on mild dollar demand from banks and importers.

business Updated: Oct 12, 2015 18:15 IST
The rupee had bounced back by 32 paise to 64.74 against the US dollar in Friday’s trade on fresh selling of the American currency by banks and exporters on the back of recovery in the equity market.
The rupee had bounced back by 32 paise to 64.74 against the US dollar in Friday’s trade on fresh selling of the American currency by banks and exporters on the back of recovery in the equity market.(HT Photo)

The rupee ended marginally lower by one paise to 64.75 against the American currency on mild dollar demand from banks and importers.

The domestic currency opened lower at 64.82 per dollar as against Friday’s closing level of 64.74 at the Interbank Foreign Exchange market on initial dollar demand from banks and importers.

Later, it gained on dollar selling by exporters to Rs 64.69 before concluding at 64.75 per dollar, showing a mere loss of one paise or 0.02%.

The domestic unit hovered in a range of 64.88 and 64.69 per dollar during the day.

The dollar index was traded lower by 0.12% against a basket of six currencies in the late afternoon trade.

Overseas, the US dollar hovered near a three-week low versus a basket of major currencies in early Asian trade, hampered by doubts that the US Federal Reserve will raise interest rates by year-end.

The dollar slipped against most rivals in the late Asian trade on Monday, with China’s currency rising to its best level against the greenback since Beijing’s surprise devaluation of

the yuan in August.

Meanwhile, the Indian benchmark Sensex fell by 175.40 points or 0.65%.