Rupee strengthened by 8 paise to 66.40 against dollar in opening trade at the interbank foreign exchange market on some selling of the greenback by exporters and banks.
Falling for the sixth consecutive session, the rupee weakened by 4 paise to 66.16 against the US dollar in opening trade at the interbank foreign exchange market today.
The rupee witnessed a free fall - crashing below the significant 66-mark to end at more than one-year low of 66.12 against the US currency.
Rupee weakened by 25 paise to breach the 66-level and hit its 13-month low of 66.05 against US dollar in the early trade today due to appreciation of dollar overseas.
US dollar ended higher against the rupee at Rs.65.80/81 per dollar and the pound sterling also finished higher at Rs.93.68/70 per pound at the close of forex market.
Rupee depreciated 15 paise to 65.81 against dollar in opening trade at the interbank forex market today on increased demand for the greenback from importers and banks.
Majority of ATMs of public and private sector banks in Patna and elsewhere in Bihar have gone dry much to the distress of the citizens.
Markets remained firm during the week despite trade and geo-political tensions. The Nifty gained in all five trading sessions – the first time since November 2017.
Rupee fell 20 paise to 65.40 against dollar in early trade today on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.
Reserve Bank of India today fixed the reference rate of the rupee at 65.3496 against the US dollar and 80.7982 for the euro.
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