Press Esc to close
Wednesday 20 August 2014
News updated at 8:05 PM IST
Weather
Max: 28.8°C
Min : 20.2°C
In Bangalore
Sunny day

Rupee down 27 paise Vs dollar in early trade

Mumbai, Aug 2 (PTI)

The rupee today lost 27 paise to 60.70 against the dollar in early trade on the Interbank Foreign Exchange market on higher demand for the US currency from importers, even as RBI took more measures to curb the domestic unit's fall.

Forex dealers said apart from higher demand from importers for the American currency, the dollar strengthening against other currencies in the global market on encouraging economic data, also weighed on the rupee but a higher opening in the domestic equity market limited the rupee's fall.

Meanwhile, the Reserve Bank, in yet another step to rescue the rupee, yesterday tightened hedging rules by making it mandatory for foreign institutional investors to obtain the consent of holders of participatory notes and derivative instruments before hedging.


The domestic currency had closed lower by three paise at 60.43 against the dollar in the previous session.

Meanwhile, the BSE benchmark Sensex rose by 134.51 points, or 0.69 per cent, at 19,451.70 in the early trade today.

Go to Top

Photo Gallery
A model at a promotional event of Rado watches in Lucknow  ...

A model at a promotional event of Rado watches in Lucknow ...

Rajnath Singh honours an awardee at the Scheme launch of “Mainstreaming Civil Defence in Disaster ..

Rajnath Singh honours an awardee at the Scheme launch of “Mainstreaming Civil Defence in Disaster ..

People paying floral tribute to the former Prime Minister Rajiv Gandhi on his birth anniversary ...

People paying floral tribute to the former Prime Minister Rajiv Gandhi on his birth anniversary ...

Sonia Gandhi along with Rahul and Priyanka paying tribute to Rajiv Gandhi ...

Sonia Gandhi along with Rahul and Priyanka paying tribute to Rajiv Gandhi ...

Shilpa Shetty walks the ramp for Masaba Gupta at the Lakme Fashion Week in Mumbai ...

Shilpa Shetty walks the ramp for Masaba Gupta at the Lakme Fashion Week in Mumbai ...

Showstopper Sushmita Sen at the ramp at Lakme Fashion Week Winter/ Festive 2014 in Mumbai ...

Showstopper Sushmita Sen at the ramp at Lakme Fashion Week Winter/ Festive 2014 in Mumbai ...

CRPF  jawans jubilate after their passing out parade at 227 Battalion of the foce in Bhopal ...

CRPF jawans jubilate after their passing out parade at 227 Battalion of the foce in Bhopal ...

Hyundai Motor India Limited Tapan Kumar Ghosh & Bedabrata Bordoloi at the launch of Elite i20 ...

Hyundai Motor India Limited Tapan Kumar Ghosh & Bedabrata Bordoloi at the launch of Elite i20 ...

Sonia Gandhi with  Sushma Swaraj during a function to commemorate Rajiv Gandhi's birthday ...

Sonia Gandhi with Sushma Swaraj during a function to commemorate Rajiv Gandhi's birthday ...

A model walks the ramp during at Lakme Fashion Week Winter/Festive 2014 in Mumbai ...

A model walks the ramp during at Lakme Fashion Week Winter/Festive 2014 in Mumbai ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523