Mumbai: The rupee rebounded by 27 paise to 67.80 per dollar in early trade today on fresh selling of the US currency by exporters and banks.
Yesterday, 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, the benchmark BSE Sensex was down 176.03 points, or 0.49 per cent, to 35,367.91 in early trade today. (PTI)
Have been harassed by actors on sets, says Kangana Ranaut
Ranjani Murali wins ‘Womans Voice Award’ at AKLF 2019
Spiritual tradition may bring indirect health benefit: Dr Sushil
I sing better and different than what I did 25 years ago: Sonu Nigam
The Grandstand Restrobar –– where Fans unite with their Sport
© 2017 State Times Daily Newspaper