Rupee declines against dollar, reaches 17.64 vs dirham

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Rupee declines against dollar, reaches 17.64 vs dirham

Mumbai - The dollar's gain against major world currencies also impacted the rupee sentiment.

By PTI

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Published: Thu 22 Feb 2018, 9:53 AM

Last updated: Thu 22 Feb 2018, 11:57 AM

The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar (17.64 against the UAE dirham)in opening session today due to increased demand for the greenback from importers amid heavy foreign fund outflows.
The dollar's gain against major world currencies, after US Federal Reserve minutes hinted at hiking interest rates faster than expectations, also impacted the rupee sentiment, a currency dealer said.
Strengthening US dollar and increased outflows from domestic capital market have weighed on the are weighing on the domestic currency.
Yesterday, the rupee had claimed some of its lost ground to end 3 paise higher at 64.76 against the US dollar, breaking a two-session losing run.
Meanwhile, the benchmark BSE Sensex fell 144.23 points, or 0.42 per cent, to 33,700.63 in early trade today.


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