News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 8 years ago
Rediff.com  » Business » Rupee closes 11 paise lower at 65.06 against USD

Rupee closes 11 paise lower at 65.06 against USD

Source: PTI
Last updated on: October 08, 2015 19:12 IST
Get Rediff News in your Inbox:

RupeeThe rupee fell by 11 paise to end at 65.06 against the US dollar on Thursday on fresh demand for the American currency from banks and importers amidst a decline in equity markets.

The local currency opened lower at 65.14 as against yesterday's closing level of 64.95 at the Interbank Foreign Exchange (Forex) market on initial dollar demand.

It hovered in a range of 65.18 and 65.03 during the day before settling lower by 11 paise, or 0.17 per cent, at 65.06.

The domestic currency had gained 46 paise or 0.70 per cent yesterday.

The dollar index was traded down by 0.37 per cent against a basket of six currencies.

In New York, the dollar strengthened against the yen yesterday after the Bank of Japan left its programme of asset purchases unchanged at the close of its two-day policy meet.

However, the dollar was moderately lower against the yen in directionless Asian trade today, with a weaker Nikkei Stock Average prompting buying of the Japanese currency.

Japanese core machinery orders fell at a faster pace than expected for the third straight sequential decline amid concerns over an economic slowdown in China.

Meanwhile, the benchmark BSE Sensex ended lower by 190.04 points, or 0.70 per cent, at 26,845.81.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!