Rupee slides 10 paise against dollar; stocks an overhang
Mumbai: The rupee lost 10 paise and reached to a new one-month low against the dollar i.e. 64.73.
Huge traction among bank & importers was found by the American Unit due to this.
As per the Dealers, this low happened due to fresh demand for the US currency. In addition to that, a subdued opening in the domestic equities is another reason for the same.
The slide in the rupee, however, was limited because the US 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.
Before that, 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, in opening spell, the BSE Sensex benchmark was trading lower by .50% or 154.23 points, i.e. at 30,703.29.
—PTI News
