Rupee ends lower by 14 paise at 68.32/$

India Infoline News Service | Mumbai | January 11, 2017 17:18 IST

Increased demand for the US currency from importers and dollar's gains against other currencies overseas put pressure on the rupee.

The rupee closed lower on Wednesday after the dollar gained strength overseas. Besides, increased demand for the US currency from importers and dollar's gains against other currencies overseas put pressure on the rupee.

US dollar held steady ahead of US president-elect Donald Trump's first news conference set for today, while the Mexican peso hit a record low. Pound hit a ten-week low of $1.21, as British PM is expected to unveil her plans for Brexit in the next few weeks.

Market focus is accentuated on US President elect Donald Trump’s press conference today and next week’s inaugural address.

The government will issue IIP and CPI data for November and December on January 12 and WPI data on January 16.

The rupee closed weaker by 14 paise at 68.32/$ on Wednesday. The Reserve Bank of India’s (RBI) reference rate as on January 11, for the dollar stood at 68.22 while for the Euro it was 72.32. The RBI’s reference rate for the Yen stood at 58.82; reference rate for the Great Britain Pound (GBP) stood at 82.95.
 

Advertisements

  • FREE Demat A/c + Rs.2000 Cashback ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.
welcome to iifl