Rupee drops against dollar, reaches 18.18 vs dirham

Top Stories

Rupee drops against dollar, reaches 18.18 vs dirham

Mumbai - The greenback's gains against other currencies overseas, put pressure on the rupee.

By PTI


  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Mon 20 Feb 2017, 7:33 AM

Last updated: Mon 20 Feb 2017, 11:52 AM

The rupee was trading lower by 4 paise at 67.05 against the dollar (18.18 against UAE dirham) in early trade today at forex market as the American unit strengthened overseas amid a lower opening of the domestic equity market.
Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas, put pressure on the rupee.

On Friday, the rupee had gained 6 paise to end at 67.01 due to fag-end dollar selling by banks and exporters in view of weakness in the greenback overseas amid persistent rise in equities.
Meanwhile, the benchmark BSE Sensex fell by 40.24 points, or 0.14 per cent, to 28,428.51 in early trade.


More news from