Indian Rupee depreciates 25 paise to 66.93 against US Dollar


Mumbai: Today the Indian Rupee depreciates by 25 paise to 66.93 next to the dollar in early trade at the Interbank Foreign Exchange market, decreasing for the third straight session, as the dollar firmed up next to some currencies abroad amid an inferior commencing in the domestic equity market.

E-commerce will not affect small-scale businesses says Piyush Goyal

Forex dealers has also further conveyed that, apart from sustained demand for the American currency from importers, foreign fund outflows and dollar's increases next to other currencies abroad, also weighed on the rupee.

On Friday, the local currency had plummeted by 26 paise to conclude at 66.68, posting its biggest single-day decrease in five weeks, on renewed demand for the American currency from banks and importers.

For now, the benchmark BSE Sensex tanked 545.94 points, or 1.89%, to 28,251.31 in the commencing buy and sell.

For latest hindi news, click here