Rupee declines 30 paise against dollar in early trade

February 22, 2018 09:45

The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in the opening session today due to increased demand for the greenback from importers amid heavy foreign fund outflows.

The dollar's gain against major world currencies, after US Federal Reserve minutes hinted at hiking interest rates faster than expectations, also impacted the rupee sentiment, a currency dealer said.

Strengthening US dollar and increased outflows from domestic capital market have weighed on the are weighing on the domestic currency. -- PTI

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