Rupee hits fresh 5-month low, softens 5 paise against US dollar | business news | Hindustan Times
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Rupee hits fresh 5-month low, softens 5 paise against US dollar

The rupee was trading 5 paise lower against the US dollar at 65.36 on Thursday morning.

business Updated: Apr 12, 2018 11:11 IST
On Wednesday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar.
On Wednesday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar. (AFP Photo)

The rupee shed 5 paise to hit a fresh five-month low of 65.36 against the US dollar in early trade on Thursday, following increased demand for the American currency from banks and importers.

Investors are cautious ahead of consumer price inflation data due later in the day. Moreover, the US dollar’s gains against some currencies overseas, on surging crude oil prices and growing geopolitical uncertainties, weighed on the domestic unit, forex dealers said.

However, a higher opening of the domestic equity market capped the rupee’s fall.

| Read: Sensex, Nifty turn cautious ahead of key macro data, IT stocks rise

On Wednesday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar.