Rupee slides 10 paise to fresh one-month low

June 30, 2017 10:18 am | Updated 10:18 am IST - Mumbai

The rupee lost 10 paise to a fresh one-month low of 64.73 against the dollar in early session on June 30, 2017, with a decidedly lower start in stocks casting a shadow.

The American unit found greater traction among importers and banks.

Dealers attributed the rupee’s fall to fresh demand for the U.S. currency and a subdued opening in domestic equities.

The slide in the rupee, however, was limited because the U.S. dollar plunged to a 12-month low against the euro as odds rose that there could be shifts in monetary policy by the European Central Bank and the Bank of England.

On June 29, 2017, the rupee had lost 8 paise to end at a one-month low of 64.63 against the greenback amid uninterrupted dollar demand from importers.

Meanwhile, the benchmark BSE Sensex was trading lower by 154.23 points, or 0.50%, at 30,703.29 in opening spell.

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