Press Esc to close
Tuesday 31 May 2016
News updated at 3:16 PM IST
Weather
Max: 31.2°C
Min : 21.7°C
In Bengaluru
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
HP Chief Minister Virbhadra Singh addresses a Youth Congress rally in Mandi ...

HP Chief Minister Virbhadra Singh addresses a Youth Congress rally in Mandi ...

Stranded passengers facing a harrowing time due to 'rail roko' protest by the activists of Hills ...

Stranded passengers facing a harrowing time due to 'rail roko' protest by the activists of Hills ...

Farmers holding a rally against the BJP government on the issue of farmers suicide in Thane ...

Farmers holding a rally against the BJP government on the issue of farmers suicide in Thane ...

People from Biafra State (Nigeria) holding a protest for the release of their leader Nnamdi Kanu ...

People from Biafra State (Nigeria) holding a protest for the release of their leader Nnamdi Kanu ...

A man along with kid displays no-smoking messages on their faces on the eve of 'World No Tobacco Day

A man along with kid displays no-smoking messages on their faces on the eve of 'World No Tobacco Day

Activists of Hills and Tribe Protection Forum block the railway tracks of Diphu railway station ....

Activists of Hills and Tribe Protection Forum block the railway tracks of Diphu railway station ....

Police spray water cannon to disperse BJP members during a protest against congress president Sonia

Police spray water cannon to disperse BJP members during a protest against congress president Sonia

Sunrisers Hyderabad players celebrates with VIVO 2016 IPL champiionship Trophy after winning the...

Sunrisers Hyderabad players celebrates with VIVO 2016 IPL champiionship Trophy after winning the...

Sunrisers Hyderabad Ben Cutting (C) celebrates the wicket of Chris Gayle during the IPL 2016...

Sunrisers Hyderabad Ben Cutting (C) celebrates the wicket of Chris Gayle during the IPL 2016...

Royal Challengers Bengaluru player Chris Gayle raises his bat towards crowd against Sunrisers...

Royal Challengers Bengaluru player Chris Gayle raises his bat towards crowd against Sunrisers...

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