Rupee weakens 10 paise at 66.86 against Dollar


On Thursday rupee was trading inferior by 10 paise at 66.86 against the U.S. dollar in early buy and sell at the Interbank Foreign Exchange.

Mutual Funds: Rs 1.02 lakh cr invested in July

Dealers attributed the rupee’s weakens to augmented demand for the U.S. currency from importers and banks. Though, dollar’s depreciated against the euro and yen, and a superior commencing in domestic equity market restricted the decrease.

On Tuesday, the rupee had increased 13 paise to close at 66.76 a dollar as fresh selling of the U.S. currency by exporters and banks helped it snap the two-day fall. Yesterday the money market was closed on the occasion of Parsi New Year.

For now, the BSE Sensex recovered by 165.46 points or 0.59 per cent to 28,170.83 in early buy and sell.

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