Rupee down 7 paise against dollar in late morning deals
Updated : May 21, 2018 12:17 PM IST
The rupee pared some initial losses, to trade lower by 7 paise at 68.07 against the American currency in late morning deals on sustained dollar demand from importers and banks, despite lower local equities.
The rupee recovered from a fresh 16-month low of 67.08 against last Friday's closing level of 68.00 per dollar at the inter-bank foreign exchange here.
Later, it regained its lost ground to trade flat at 68 before falling again in late morning deals; it was trading at 68.07 per dollar at 1030 hrs.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more