Mumbai - India's benchmark Bombay Stock Exchange (BSE) Sensex was down 176.03 points.
Published: Wed 16 May 2018, 3:20 PM
Updated: Wed 16 May 2018, 6:02 PM
India's rupee rebounded by 27 paise to 67.80 per US dollar(18.42 against dhiram) in early trade on Wednesday on fresh selling of the American currency by exporters and banks. On Tuesday, the rupee had lost 56 paise - the second biggest single-day fall of 2018 - to end at a new 16-month low of 68.07 as panic dollar demand rattled the currency market.
Traders said the dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3 per cent reignited a rally that had lost steam last week, capped the rupee's gains.
Meanwhile, India's benchmark Bombay Stock Exchange (BSE) Sensex was down 176.03 points, or 0.49 per cent, to 35,367.91 in early trade on Wednesday.
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