Rupee declines 3 paise against US dollar in early trade
Continuing its slide for the third straight day, the rupee weakened by another 3 paise to trade at 68.97 against the US dollar in opening session today due to increased demand for the American currency from importers.
By : migrator
Update: 2018-07-25 04:23 GMT
Mumbai
The dollar's gains against other currencies ahead of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker, also impacted the rupee sentiment, a currency dealer said.
They said, a higher opening of the domestic equity market, capped the rupee's losses.
Yesterday, the rupee dropped by 8 paise to close at 68.94 against the US currency due to sustained dollar demand from importers even as local equities hit a record high.
Meanwhile, the benchmark BSE Sensex rose by 102.97 points, or 0.27 per cent, to quote an all-time high of 36,928.06 in opening trade today.
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