Forex Rate Today: Rupee Slides 16 Paise Down to 68.24 Against US Dollar in Early Trade

The rupee slipped 16 paise to 68.24 against the US dollar in early trade today due to fresh buying of the American currency by importers amid sustained foreign fund outflows.

Forex Rate Today: Rupee Slides 16 Paise Down to 68.24 Against US Dollar in Early Trade
INR to USD Forex Rates Today (Photo Credit: File Imgae)

Mumbai, June 21: The rupee slipped 16 paise to 68.24 against the US dollar in early trade today due to fresh buying of the American currency by importers amid sustained foreign fund outflows. Forex dealers said the dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore yesterday, as per provisional data issued by stock exchanges. Yesterday, the local currency had staged a good comeback to end with a sharp gain of 30 paise at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground. Meanwhile, the benchmark BSE Sensex climbed 123.06 points, or 0.35 per cent, to 35,670.39 in opening trade.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)


You Might Also Like

New INR 5,000 Note Being Released by RBI? Here’s a Fact Check About Fake Image of Indian Currency Going Viral on Social Media

BMW Car, US Dollars, Jewellery Stolen From Man’s Flat in Chandigarh, He Files FIR Against Mother-in-Law

2024’s Best Forex and Futures Funded Accounts: Where Traders Are Finding the Edge

South Korea Experiences Decrease in Foreign Currency Deposits for 1st Time in 5 Months in October

Share Us