Rupee depreciates 4 paise to 66.77 against American Currency


MUMBAI: In the late dawn deals on fresh bouts of dollar demand from importers among lower equities, the Indian Rupee drops from its initial gains to decrease by 4 paise to 66.77 against US Dollar. The rupee commenced superior at 66.70 per dollar from the day before concluding level of 66.73 at the Inter-bank Foreign Exchange (Forex) market. In the morning deals the domestic unit floated in a range of 66.79 and 66.70 previous to quoting down at 66.77 at 1030 hrs. For now, the dollar index was buying and selling up 0.12% at 95.22 next to a basket of six currencies in near the beginning trade.

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Abroad, the US dollar were stressed near 6-week inferior next to the basket of currencies in near the beginning Asian buy and sell among due expectations that the US Federal Reserve will gains interest rates afterward rather than earlier as overnight weak presentation by Wall Street, with with indexes suffering their worst day in approximately a month in the wake of unconvincing economic data and decreasing oil prices. For now, the benchmark BSE Sensex was buying and selling lower by 199.91 points or 0.71% to 27,781.80 at 1050 hrs.

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