Indian rupee weakened by 10 paise to 61.85 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the Greenback’s value against other currencies overseas.
Forex dealers attributed the rupee’s fall to month-end demand for the American currency from importers as well as the dollar’s strength against other global currencies but a higher opening in the domestic stock market, capped the rupee’s decline.
The rupee had surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency in yesterday’s trade on persistent selling of dollars by banks and exporters.
Strategies for fintech companies to thrive amidst RBI’s reshaping of the credit card landscape
CASA ratio shows rising trend in Q4
Paytm gets NPCI nod for user migration to new UPI IDs
RBI will not exchange Rs 2,000 note on April 1, 2024
Meanwhile, the benchmark BSE Sensex rose by 180.91 points, or 0.63 per cent, to 28,927.56 in early trade today.
