Rupee slumps 23 paise to 64.30 in late morning deals
February 06, 2018 11:36
The rupee fell by 23 paise to hover near one-and-a-half-month low at 64.30 against the US currency in late morning on sustained bouts of dollar demand from importers and banks amid sell-off in local equities.
The rupee opened sharply lower at 64.35 per dollar as against yesterday's closing level of 64.07 at the inter-bank foreign exchange here. It plunged further to 64.40 taking cues from weak domestic equities reacting to global sell-off. The benchmark Sensex fell by over 900 points in early trade. The Indian unit was trading between 64.40 and 64.30 per dollar during morning deals.
The rupee opened sharply lower at 64.35 per dollar as against yesterday's closing level of 64.07 at the inter-bank foreign exchange here. It plunged further to 64.40 taking cues from weak domestic equities reacting to global sell-off. The benchmark Sensex fell by over 900 points in early trade. The Indian unit was trading between 64.40 and 64.30 per dollar during morning deals.