Rupee Weakens to 68.26 on Dollar Demand

16-Jan-2017
Rupee Weakens to 68.26 on Dollar Demand

MUMBAI, JAN 16: The rupee weakened 10 paise to 68.26 against the US dollar in early trade at the Interbank Foreign Exchange market today on increased demand for the American currency from banks and importers.

Dealers attributed the rupee’s fall to dollar’s strength against some other currencies overseas and a weak domestic equity market.

On Friday, the rupee fell 8 paise to close at 68.16 against the US currency on fresh bouts of dollar demand from banks and corporates amid capital outflows.

Meanwhile, the benchmark BSE Sensex fell 54.57 points or 0.20 per cent to 27,183.49 in early trade.

Source: Thehindubusinessline.com

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