Rupee Falls 22 Paise to 70.32 Against US Dollar
The rupee weakened by 22 paise to 70.32 against the US dollar today, hurt by fresh demand for the American currency from importers.
Mumbai, Aug 29 (PTI) The rupee weakened by 22 paise to 70.32 against the US dollar today, hurt by fresh demand for the American currency from importers.
Traders said besides fresh demand of the US currency from importers and dollar's strength against some currencies overseas weighed on the domestic unit.
Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency.
Meanwhile, the benchmark BSE Sensex rose nearly 100 points to hit another record of 38,989.65, and Nifty too hit a peak of 11,751.05, up 12.55 points or 0.11 per cent.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)