Rupee slips 12 paise to 68.74 against US dollar

DN Bureau

The rupee weakened by 12 paise to 68.74 against the US dollar today, hurt by fresh demand for the American currency from importers.

Representational image
Representational image

Mumbai:The rupee weakened by 12 paise to 68.74 against the US dollar today, hurt by fresh demand for the American currency from importers.

Also Read: Sensex scales record high, Nifty holds above 11K

Traders said besides fresh demand of the US currency from importers, dollar's firmness against some currencies overseas weighed on the domestic unit. However, a higher opening of the stock market capped the rupee's fall.

The local currency had depreciated 17 paise to settle at 68.62 yesterday against the greenback.

Also Read: Rupee rises 21 paise to 68.36 against US dollar

The benchmark Sensex rose by 142.14 points, or 0.39 per cent, to 36,515.58 in early session today. (PTI)

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