Press Esc to close
Tuesday 16 September 2014
News updated at 4:44 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day
Breaking News

Rupee trims initial losses vs dollar, still down 32 paise

Mumbai, Aug 30, 2013 (PTI):

The rupee trimmed its early losses but was still quoted down by 32 paise to 66.87 per dollar in late morning trade today on month-end demand for the US currency from banks and importers.

The rupee resumed lower at 67.00 per dollar as against the last closing level of 66.55 at the Interbank Foreign Exchange (Forex) Market and dropped further to a low of 67.43 per dollar.

However, it recovered to 66.61 before quoting 66.87 per dollar at 1050 hours.


Month-end dollar demand from importers mainly affected the rupee value, a forex dealer said.

In the global market, the US dollar swung between gains and losses in the early trade, but the currency was poised to notch a weekly advance after Syria-related tensions weighed on risk appetite and aided the greenback.

Oil prices fell in Asian trade as fears eased of an imminent Western military strike against Syria for its alleged use of chemical weapons, analysts said.

New York's main contract, West Texas Intermediate (WTI) for delivery in October, was down USD 1.41 at USD 107.39 a barrel.

Meanwhile, the BSE-30 share index Sensex firmed up by 145 points, or 0.79 per cent, to 18,545.96 at 1055 hours.

Go to Top

Photo Gallery
MARS Orbiter Mission (MOM) at ISRO Centre, Peenya...

MARS Orbiter Mission (MOM) at ISRO Centre, Peenya...

A Kurdish Peshmerga fighter launches mortar shells towards Zummar, controlled by Islamic State...

A Kurdish Peshmerga fighter launches mortar shells towards Zummar, controlled by Islamic State...

Water pumps deplyoed to flush out water from a flooded locality in Srinagar ...

Water pumps deplyoed to flush out water from a flooded locality in Srinagar ...

Kashmiri flood victims look at camera as they wait in a line to receive relief material...

Kashmiri flood victims look at camera as they wait in a line to receive relief material...

Flood victims wade through receding flood waters in Srinagar...

Flood victims wade through receding flood waters in Srinagar...

Pranab Mukherjee being welcomed his Vietnamese counterpart Truong Tan Sang ...

Pranab Mukherjee being welcomed his Vietnamese counterpart Truong Tan Sang ...

Krajinovic  celebrates with team captain Bogdan Obradovic after his win over India's Yuki Bhambri...

Krajinovic celebrates with team captain Bogdan Obradovic after his win over India's Yuki Bhambri...

Arnold Schwarzenegger gives a friendly wrap around the shoulders of a policeman on his security...

Arnold Schwarzenegger gives a friendly wrap around the shoulders of a policeman on his security...

Priyanka Chopra at a press conference in Guwahati ...

Priyanka Chopra at a press conference in Guwahati ...

Arnold Schwarzenegger with actor Suriya at a gym in Chennai...

Arnold Schwarzenegger with actor Suriya at a gym in Chennai...

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