APN News

  • Wednesday, July, 2018| Today's Market | Current Time: 12:26:19
  • Rupee fell nine paise on Monday to close at 60.56 against the Greenback on late rupee_vs_dollar2208profit booking in local equities and fresh dollar demand from oil importers.

    However, sustained capital inflows and a weak dollar overseas limited the rupee fall, a forex dealer said.

    At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 60.52 a dollar from previous close of 60.47.

    It tried to recover and logged an intra-day high of 60.41 on initial strong rally in local stocks.

    However, the rupee met with strong resistance on fag-end profit booking in local shares and renewed dollar demand from importers, mainly oil refiners, to meet their month-end requirements.

    It fell back to a low of 60.58 before settling at 60.56, a fall of nine paise or 0.15 per cent.

    Last Friday, it had gained 20 paise to end at more than three-week high of 60.47.