• search

Rupee falls 12 paise to 68.86 against US dollar

By Oneindia Staff
Subscribe to Oneindia News
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Mumbai, July 5: The rupee declined 12 paise to 68.86 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market.

    Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.

    Rupee falls 12 paise to 68.86 against US dollar

    Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.

    Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.

    Yesterday, the rupee had lost 17 paise at 68.74 against the dollar amid rising crude oil prices and inflationary concerns after MSP hike for kharif crops by the government.

    Meanwhile, the benchmark Sensex moved down by 25.12 points, or 0.07 per cent, at 35,620.28 in opening trade today.

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more