Rupee falls 18 paise to 74.43 against US dollar in early trade
The Hindu
At the interbank foreign exchange, the rupee opened weak at 74.36 against the U.S. dollar, then fell further to 74.43 against the greenback in early deals, registering a decline of 18 paise from the last close
The rupee declined by 18 paise to 74.43 against the U.S. dollar in opening trade on January 18, as strong American currency and elevated crude oil prices weighed on investor sentiments.
Forex traders said muted domestic equities and dollar buying by banks on behalf of importers also dragged the local unit down.
At the interbank foreign exchange, the rupee opened weak at 74.36 against the U.S. dollar, then fell further to 74.43 against the greenback in early deals, registering a decline of 18 paise from the last close.
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Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.