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Rupee falls 49 paise against US dollar in afternoon trade

The dollar recovered from a 15-month low against the yen to trade at 106.75, up 0.15% for the day.

business Updated: Feb 20, 2018 13:41 IST
Press Trust of India, Mumbai
Rupee,Dollar,exchange rate
The rupee depreciated 49 paise to 64.52 against the US dollar in afternoon trade at the interbank forex market.(Hemant Mishra/Mint)

The rupee depreciated 49 paise, or 0.76% to 64.69 against the US dollar in afternoon trade at the interbank forex market on Tuesday, on increased demand for the greenback from importers and banks.

A strong dollar in overseas markets weighed on the Indian rupee, a currency dealer said.

On Friday, the rupee had ended 30 paise lower at 64.21 against the US dollar on rising global crude prices and worsening trade deficit.

On a net basis, foreign investors withdrew Rs 895.79 crore from stocks on Monday, according to provisional FPI data.

The dollar recovered from a 15-month low against the yen to trade at 106.75, up 0.15% for the day.

First Published: Feb 20, 2018 10:38 IST