BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Rupee closes above 65-mark, down 25 paise
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Economy > Rupee closes above 65-mark, down 25 paise
Economy

Rupee closes above 65-mark, down 25 paise

deep
Last updated: 2015/12/13 at 11:59 AM
deep Published December 13, 2015
Share
2 Min Read
SHARE

Rupee closes above 65-mark, down 25 paise

Snapping its four-day winning spree against the American currency, the rupee on Tuesday fell by 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.

The domestic currency opened sharply lower at 64.95 as against Monday’s level of 64.80 at the Interbank Foreign Exchange (forex) market.

It hovered in the range of 64.86 and 65.06 during the day before finishing at 65.05 per dollar, showing a loss of 25 paise or 0.39 per cent.

The rupee had gained by 38 paise or 0.57 per cent in previous four days.

Pramit Brahmbhatt, Veracity Group CEO, said, “Today the rupee fell for the first time in five days due to importers buying. The rupee traded in a thin range however depreciates by twenty five paise for the day and closed at 65.05. Today, local equities selloff forced rupee to close in red, however, dollar index is trading down which cap the gain for dollar.”

The trading range for the Spot USD/INR pair is expected to be within 64.75 to 65.40.

“Fall in commodity and energy prices after Monday’s China GDP data has dampened sentiment a bit amid global growth concerns, a forex dealer said.

The dollar index was traded down by 0.29 per cent in the late afternoon trade as against a basket of six currencies.

Overseas, the dollar gave back some of its overnight gains against the euro today after marking a 10-day high ahead of this week’s European Central Bank meeting, which some investors believe could set the stage for additional stimulus later this year.

Meanwhile, the benchmark BSE Sensex fell by 58.09 points or 0.21 per cent.
[“source -financialexpress”]

You Might Also Like

body shop with loaner car

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

FedEx Acquires TNT specific, method better delivery in Europe

Endurance International Completes Constant Contact Acquisition

BigCommerce, Xero Partnership adds Cloud Accounting to online Stores

TAGGED: down 25 paise, Rupee closes above 65-mark
deep December 13, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article St. Regis marches into Mumbai
Next Article Crafting stories, building brands

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • payday loans that work with chime bank
  • bmo harris express loan payment
  • find a loan shark on craigslist

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • payday loans that work with chime bank
  • bmo harris express loan payment
  • find a loan shark on craigslist

Recent Posts

  • Crunching the Numbers: Monthly Payments on a $1 Million Dollar Business Loan
  • Unlocking Construction Dreams: Navigating the Down Payment Maze for Your Construction Loan

© 2023 BusinessLogr News Network.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?