Rupee down 36 paise against dollar after Fed's decision

Tags: Rupee, News
The rupee fell sharply by 36 paise to 62.77 against the dollar in early

RELATED ARTICLES

trade today at the Interbank Foreign Exchange market on increased demand for the American currency from importers after the US Federal Reserve decided to scale back its stimulus.

Forex dealers said the US Federal Reserve's move to scale back its stimulus programme put pressure on other currencies overseas.

Besides, month-end demand from importers for the American currency and a lower opening of the domestic equity market also weighed on the rupee, they said.

The rupee had gained 10 paise to close at 62.41 against the US dollar in yesterday's trade.

Meanwhile, the benchmark BSE Sensex fell by 196.27 points, or 0.95 per cent, to 20,451.03 in early trade today.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture