Rupee slips 16 paise to 68.58 against US dollar

DN Bureau

The rupee on Monday depreciated by 16 paise to 68.58 against the US dollar in early trade, mainly due to heavy selling in domestic equities and foreign fund outflows.

File Photo
File Photo

Mumbai: The rupee on Monday depreciated by 16 paise to 68.58 against the US dollar in early trade, mainly due to heavy selling in domestic equities and foreign fund outflows.

The rupee came under pressure following heavy selling in domestic equities amid outflow of foreign funds, they added.

Also Read: Petrol, diesel, gold and silver set to be dearer

The BSE Sensex crashed 405.67 points, or 1.03 per cent, to trade at 39,107.72 Monday. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.

Also Read: Sensex tanks over 400 pts on global selloff 

The rupee on Friday settled 8 paise higher at 68.42 against the dollar.

The 10-year government bond yield was at 6.64 per cent in the morning trade. (PTI)

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