1. Indian rupee down by 9 paise vs US dollar in late morning deals

Indian rupee down by 9 paise vs US dollar in late morning deals

Forex dealers said besides US dollar strengthening against other currencies overseas, fresh demand for the American unit from importers put pressure on the Indian rupee.

By: | Mumbai | Updated: June 23, 2015 12:01 PM
Indian rupee vs US Dollar

The rupee was lower by 10 paise in early trade on Tuesday. (AP)

The Indian rupee was down by 9 paise at 63.61 against the American currency in late morning trade on fresh dollar demand from banks and importers on the back higher dollar overseas.

The rupee resumed lower at 63.58 per dollar as against yesterday’s level of 63.52 at the Interbank Foreign Exchange (Forex) Market.

It hovered in a range of 63.6550 and 63.58 per dollar during the late morning trade before quoting at 63.61 at 1100 hours.

Oil prices fell in Asian early trade with the possible return of Iranian crude to the global market stoking further concerns over a supply glut, analysts said.

In the New York market, the euro weakened against the US dollar yesterday, but held on to gains against the pound and the Japanese yen.

Meanwhile, the benchmark BSE Sensex trading higher by 102.20 points or 0.37 per cent to 27,832.41 at 1105 hrs.

Tags: Indian Rupee
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