Rupee drops 6 paise to 67.33 against Dollar


Mumbai: Today the Indian Rupee decrease by 6 paise to 67.33 against the dollar in near the beginning buy and sell at the Interbank Foreign Exchange on augmented month-end demand for the American currency from importers. Dealers has also conveyed that, the dollar was firm next to some other overseas currencies which weighed on the rupee, but a higher commencing in the domestic equity market capped the losses. The day before, the rupee had recouped by 8 paise to shut at 67.27 next to the American currency on fag-end selling of dollars by banks and exporters in view of sustained foreign capital inflows into domestic equities.

Maruti Suzuki Q1 Profit Rises 23%, Beats Estimates

For now, the benchmark BSE Sensex increase by 143.87 points, or 0.51 per cent, at 28,120.39 in early buy and sell. The dollar index, which tracks the value of greenback next to a basket of six major currencies, was up slightly on a trade weighted basis nearing five-month high it hit last week. Today all eyes now rest on US Fed, which concludes its two-day policy meeting. Among Asian currencies, rupiah gained 0.34 per cent, Singapore dollar 0.17 per cent, Philippine peso 0.13, while Japanese yuan slipped 0.49 per cent against the American currency.

Verizon Communications to buy Yahoo at $5 billion