Thursday, April 23, 2015

Rupee depreciates 13 paise against dollar

10:29 AM

Forex tips: The rupee depreciated 13 paise to hit an intraday low of 63 against the US dollar today at Interbank Foreign Exchange. The domestic currency was trading firm against the greenback in the early trades and was up at 62.71 (up 14 paise). The domestic currency had ended six paise higher at 62.85 against the Greenback on dollar selling by banks after falling to over three-month low of 63.15 in yesterday's trade. Forex dealers said besides increased selling of the US currency by exporters, a higher opening in the domestic equity market supported the rupee but the dollar's strength against other currencies overseas, capped the gains.

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