Press Esc to close
Wednesday 22 October 2014
News updated at 8:51 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

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
A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

A huge rangoli in front of Swaminarayan Temple...

A huge rangoli in front of Swaminarayan Temple...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

TRS activists set affire chairs at the TDP office in Nalgonda...

TRS activists set affire chairs at the TDP office in Nalgonda...

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