Business Market 28 Nov 2016 Rupee sheds 11 paise ...

Rupee sheds 11 paise against dollar in early trade

PTI
Published Nov 28, 2016, 9:58 am IST
Updated Nov 28, 2016, 10:03 am IST
Forex dealers said a lower opening of the domestic equity market also weighed on the rupee.
The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday.
 The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday.

Mumbai: The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand for the American currency from importers.

Forex dealers said a lower opening of the domestic equity market also weighed on the rupee but the dollar's weakness against some currencies overseas capped the fall.

 

The rupee had rebound from a 39-month low by rising 27 paise at 68.46 on Friday, supported by aggressive selling of the American unit by exporters and banks. Meanwhile, the benchmark BSE Sensex fell 133.12 points or 0.50 per cent to 26,183.22 in early trade today.

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