Begin typing your search...
Rupee slips 5 paise to 68.87 against US dollar
Extending losses for the second session, the rupee weakened by 5 paise to trade at 68.87 against the US dollar in early trade today on sustained capital outflows as the greenback strengthened overseas.
By
migrator
migrator
Mumbai
Forex dealers said besides increased demand for the US currency from importers, persistent outflows by foreign funds and the dollar's strength against some other currencies overseas, an escalating trade spat between the US and China also weighed on the rupee.
Yesterday, the rupee ended lower by 10 paise to close at 68.82 against the US currency due to fresh buying of the dollar by importers after the greenback rebounded in global markets.
Meanwhile, the benchmark BSE Sensex opened 59.64 points higher, or 0.16 per cent, at 36,299.26, but soon turned choppy.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
