Rupee declines against dollar

January 04, 2018 09:40 am | Updated 09:40 am IST - Mumbai

The rupee weakened by 8 paise to trade at 63.61 against the US dollar in opening session on Thursday due to increased demand for the American currency from importers.

The dollar’s gains against major world currencies after a strong US manufacturing data also impacted the rupee sentiment, a currency dealer said.

On Wednesday, the rupee had retreated from its multi-year high and ended marginally lower by 5 paise at 63.53 against the US currency.

Meanwhile, the benchmark BSE Sensex recovered by 123.37 points, or 0.36 per cent, at 33,916.75 in early trade today.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.