Business Standard

Rupee witnesses 14 paise decline against USD

Image

ANI New Delhi [India]

The rupee rate on Wednesday saw a 14 paise decline in comparison to the US Dollar (USD), which was capped at 64.64.

The fall in the rupee can be attributed to a fragile domestic equity market, apart from a surge in purchase of American currency by importers and financial institutions.

Meanwhile, the sensex witnessed a fall by 62.55 points, recorded at 31,234.98.

In the previous session of the Reserve Bank of India (RBI), the reference rate for the dollar was capped at 64.4672, while that of the euro was fixed at 71.9583.

In the closing hours on Tuesday, the rupee closed six paise lower at 64.49 as against the USD.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 21 2017 | 11:57 AM IST

Explore News