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Rupee at 3-week low, sheds 36 paise against US dollar
The rupee plunged by 36 paise to hit a three-week low of 67.98 against the US dollar in early trade on Friday, following a strong demand for the greenback amid sustained foreign capital outflows.
The rupee plunged 36 paise to trade at 67.98 per US dollar in early deals on Friday.
The rupee plunged by 36 paise to hit a three-week low of 67.98 against the US dollar in early trade on Friday, following a strong demand for the greenback amid sustained foreign capital outflows.
Besides, the US dollar strengthening against other currencies overseas as the European Central Bank (ECB) pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,372.84 crore on Thursday, as per provisional data issued by the stock exchanges.
On Thursday, the rupee had gained 3 paise to end at 67.62 against the US currency, cutting short its two-day decline.
Meanwhile, the benchmark BSE Sensex rose by 66.25 points, or 0.18%, to 35,666.07 in early trade on Friday.
