Rupee falls 5 paise against dollar, reaches 18.22 vs dirham

Rupee falls 5 paise against dollar, reaches 18.22 vs dirham

Mumbai - The greenback's gains against rivals overseas put pressure on the rupee.



By PTI

Published: Tue 5 Jun 2018, 9:44 AM

Last updated: Tue 5 Jun 2018, 11:50 AM

The rupee was trading lower by 5 paise at 67.16 against the US (18.22 against UAE dirham)dollar in early trade today amid caution ahead of RBI's policy decision tomorrow.
Forex dealers said increased demand for the US currency from importers as also the greenback's gains against rivals overseas put pressure on the rupee.
Yesterday, the rupee had ended 5 paise lower at 67.11 against the US dollar.
Meanwhile, the benchmark BSE Sensex was trading lower by 81.33 points, or 0.23 per cent, at 34,930.56 in opening deals.


More news from Markets
Covid-19 fears reappear as a threat to market

Markets

Covid-19 fears reappear as a threat to market

With little known about the new variant, longer term implications for US assets were unclear. At least, investors said signs that the new strain is spreading and questions over its resistance to vaccines could weigh on the so-called reopening trade that has lifted markets at various times this year

Markets1 week ago