Rupee weakens 9 paise against dollar in opening trade


Team Udayavani, Mar 19, 2018, 11:41 AM IST

Mumbai: The rupee depreciated by 9 paise against the US dollar to 65.03 against in opening trade today as the greenback firmed up ahead of US Federal Reserve’s policy meet this week. A strong dollar and sustained foreign fund outflow weighed on the domestic unit amid rising current account deficit in the December quarter, a currency dealer said.

The current account deficit rose to 2 per cent of the GDP at 878.51₹ billion in the December quarter, up from 520.60₹ billion or 1.4 per cent in the year-ago period, on the back of higher trade deficit, RBI data showed. On Friday, the rupee had ended 1 paisa lower at 64.94 against the US dollar.

Foreign investors withdrew a net Rs 150.46 crore from stocks on Friday, according to provisional data. Meanwhile, the benchmark BSE Sensex, after falling for four straight sessions, rebounded 99.79 points, or 0.30 per cent, to 33,275.79 in opening trade today.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Congress membership requisites: No alcohol & drug, no criticism of party in public

Women should not visit police stations after dark: BJP’s Baby Rani Maurya

BJP govt has failed the country: Rahul

Baby kidnap case: Kerala govt to inform family court about Anupama’s demand for child

PM meets Indian Covid vaccine manufacturers; CEOs say his leadership key force in vaccination drive

Australia beat South Africa by 5 wickets in T20 WC Super 12 match

Hindus don’t have violent mindset: Pejawar Swamiji

Related Articles More

IPO-bound Nykaa acquires home-grown skincare brand Dot & Key

Rajneesh Karnatak takes charge as ED of Union Bank of India

Reliance net profit jumps 43% as it fires on all cylinders

NBFCs: Reserve Bank to step up vigil with four-layered regulatory framework

Flybig, IRCTC enter pact for ticket booking

MUST WATCH

Science and Technology Minister C.N. Ashwath Narayan at Koteshwar

News Bulletin 23-10-2021

Elephant attack at Hunasuru

IMPORTANCE OF M04 RICE SEEDS

Road mishap at Muluru National Highway


Latest Additions

Priyanka flags off ‘Pratigya Yatras’ from UP’s Barabanki

Shah flags off inaugural Srinagar-Sharjah direct flight

Congress membership requisites: No alcohol & drug, no criticism of party in public

Three-time world champion, Pele, turns 81!

Restore statehood, democracy in J-K: NPP

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.