Rupee turns weaker by 9 paise to 65.10 against dollar

Fresh demand for the American currency came in from importers and bank

October 05, 2017 10:13 am | Updated 10:16 am IST - Mumbai

The rupee declined 9 paise to 65.10 against the dollar today after economic data showed the US economy in a more positive light.

Fresh demand for the American currency came in from importers and banks.

Traders said the dollar’s renewed strength against other currencies overseas weighed on the rupee, but a higher opening in domestic equities limited the impact.

According to latest data points, the US economy is seen to be gradually gaining traction.

On Wednesday , the rupee had made a smart comeback to end up 49 paise, or 0.75 %, at a fresh one—week high of 65.01, with investors taking a bullish stance on the economy even as the RBI kept key rates unchanged.

Meanwhile, the benchmark BSE Sensex rose 77.58 points, or 0.24 %, to 31,749.29 in early session.

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.