Thursday, 8 February 2018

The Rupee Depreciated 1 Paise To 64.29 Against The US Dollar In Morning

The rupee depreciated 1 paise to 64.29 against the US dollar in morning due to increased demand for the US currency from importers amid fresh foreign funds outflow.

However, a weak dollar in global markets helped the rupee limit its losses, dealers said. The rupee opened weak at 64.38 at the interbank forex market against its previous close of 64.28.

The recovery in the rupee was largely due to strong equity markets. Benchmark indices rallied further in morning, with the Sensex rising 311.55 points or 0.91 percent to 34,394.26, driven by Infosys and HDFC.

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