MUMBAI: Extending losses for the fifth consecutive day, therupee shed 24 paise to trade at 63.88 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to continued demand for the American currency from importers.
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Forex dealers said besides sustained demand for the dollar in view of the approaching month-end, weakness in the euro against the American currency overseas amid growing concerns of a Greece debt default and a possible euro zone exit weighed.
Furthermore, a lower oThe rupee had lost 2 paise to close at 63.64 in a range-bound trade on month-end demand for the green back from importers despite its weakness overseas.
Meanwhile, the benchmark BSE Sensex plunged 535.87 points, or 1.92 per cent, to 27,275.97 in opening trade on Monday.pening in domestic equities kept up pressure on the rupee, they said.
Source - TOI
www.sevagiri.com
Forex dealers said besides sustained demand for the dollar in view of the approaching month-end, weakness in the euro against the American currency overseas amid growing concerns of a Greece debt default and a possible euro zone exit weighed.
Furthermore, a lower oThe rupee had lost 2 paise to close at 63.64 in a range-bound trade on month-end demand for the green back from importers despite its weakness overseas.
Meanwhile, the benchmark BSE Sensex plunged 535.87 points, or 1.92 per cent, to 27,275.97 in opening trade on Monday.pening in domestic equities kept up pressure on the rupee, they said.
Source - TOI
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