Rupee slumps to over three-month low of 60.77 against dollar
   
Quotes

Rupee slumps to over three-month low of 60.77 against dollar

Last Updated: Friday, August 1, 2014, 10:25
 
 Comment 0
 
Rupee slumps to over three-month low of 60.77 against dollar
Mumbai: The rupee lost 22 paise to over three-month low of 60.77 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on increased capital outflows amidst demand for the American currency from importers.

Besides, a weak trend in other currencies against the dollar overseas and a lower opening in the domestic equity market put pressure on the local unit, forex dealers said.

The domestic currency had lost 49 paise to close at a three-month low of 60.55 yesterday on capital outflows after the US Fed trimmed its monthly bond buying programme by another USD 10 billion.

Meanwhile, the benchmark BSE Sensex was down by 187.69 points, or 0.72 per cent, to 25,707.28 in early trade today.



PTI

First Published: Friday, August 1, 2014, 10:25


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved