Rupee sheds 9 paise against US dollar

November 19, 2018 09:58

The rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday at the interbank foreign exchange, halting its four-day winning streak, ahead of the RBI's board meet.

Fresh demand for the dollar from importers amid rise in crude prices weighed on the domestic unit, dealers said. However, weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India's board meet, dealers said.

Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from micro, small and medium enterprises credit to the central bank's reserves, though both sides are in favour of reaching a common ground. -- PTI

« Back to LIVE

TOP STORIES

Moving up a division is worth the weight for Lovlina Borgohain

Indian boxer Lovlina Borgohain will step onto the scales a bit heavier at the Paris Olympics but feeling like a weight has been lifted from her shoulders.

Are MF Stress Tests Of Any Use?

These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market, discovers Debashis Basu.

Bowling to these legends feels normal: Harpreet Brar

Punjab Kings left-arm spinner Harpreet Brar opened up about the areas he tries to aim for while bowling against some of the best hitters of the tournament in the ongoing Indian Premier League season.

Lookout notice issued against Prajwal Revanna

Karnataka Home Minister Dr G Parameshwara on Thursday said a lookout circular has been issued to arrest Hassan Janata Dal-Secular MP Prajwal Revanna who is facing allegations of sexually abusing women.

Uber Cup: Chaliha's fight ends in agony as Indian women's team loses to Japan

Ashmita Chaliha produced a gallant fight before the young and inexperienced Indian women's team suffered a 0-3 loss to formidable Japan in the quarterfinals of the Uber Cup badminton tournament in Chengdu on Thursday.