Rupee down 11 paise against dollar

Tags: News
Falling for the fourth straight day, the rupee today weakened by another 11 paise to 60.64 against the US currency in early trade at the Interbank Foreign Exchange market due to dollar's gains against other rivals overseas.

Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.

EDITORIAL OF THE DAY

  • Dictating retail price of a commodity goes against the grain of free market economy

    The Centre’s suggestion to states to cap prices of pulses and edible oils seems to indicate a bankruptcy of ideas in the government.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

Tracing societies through biographies

Memory is thought to be multilayered and interactive. Small ...

Rajgopal Nidamboor

The real truth about happiness

Happiness is a monumental question with no easy answers. It ...

Dharmendra Khandal

When it rains, this beetle starts rolling dung

On the buffer road of a forest, a small metallic ...