Indian Rupee Turns Weaker By 9 Paise To 65.10 Against Dollar

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The Indian rupee declined 9 paise to 65.10 against the dollar today. Fresh demand for the American currency came in from importers and banks.

Indian Rupee Turns Weaker By 9 Paise To 65.10 Against Dollar
Source: The Hindu

Traders said the dollar’s renewed strength against other currencies overseas weighed on the rupee, but a higher opening in domestic equities limited the impact.

According to latest data points, the US economy is seen to be gradually gaining traction.

Yesterday, the rupee had made a smart comeback to end up 49 paise, or 0.75 percent, at a fresh one-week high of 65.01, with investors taking a bullish stance on the economy even as the RBI kept key rates unchanged.

Indian Rupee Turns Weaker By 9 Paise To 65.10 Against Dollar
Source: The Hindu

Meanwhile, the benchmark BSE Sensex rose 77.58 points, or 0.24 percent, to 31,749.29 in the early session.