The Indian unit hovered between 64.74 and 64.67 per dollar during morning deals, it was quoting at 64.72 per dollar at 1130 hrs.
The rupee slipped further by 17 paise to 64.71 per dollar against the American currency in late morning deals on persistent dollar demand from importers and banks.
The rupee opened lower at 64.66 per dollar as against last Friday’s closing level of 64.55 per dollar at the Interbank Forex Market (FOREX).
The Indian unit hovered between 64.74 and 64.67 per dollar during morning deals, it was quoting at 64.72 per dollar at 1130 hrs.
“Heavy foreign outflows from equities affecting the rupee sentiment,” a dealer said.
At overseas, the US dollar is mostly higher against basket of currencies in early Asian trade, while touching its highest level in nearly eight months versus the yen supported by expectations for continued monetary policy divergence between the Federal Reserve and the Bank of Japan.
Rupee drops 17 paise - The Hindu
The rupee slipped further by 17 paise to 64.71 per dollar against the American currency in late morning deals on persistent dollar demand from importers and banks.
The rupee opened lower at 64.66 per dollar as against last Friday’s closing level of 64.55 per dollar at the Interbank Forex Market (FOREX).
The Indian unit hovered between 64.74 and 64.67 per dollar during morning deals, it was quoting at 64.72 per dollar at 1130 hrs.
“Heavy foreign outflows from equities affecting the rupee sentiment,” a dealer said.
At overseas, the US dollar is mostly higher against basket of currencies in early Asian trade, while touching its highest level in nearly eight months versus the yen supported by expectations for continued monetary policy divergence between the Federal Reserve and the Bank of Japan.
Rupee drops 17 paise - The Hindu