Rupee tumbles 22 paise against dollar on crude concerns

DN Bureau

The rupee Thursday slumped 22 paise to 70.08 against the US dollar in early trade on rising global crude prices and fresh demand for the American currency from importers.

File Photo
File Photo

Mumbai: The rupee Thursday slumped 22 paise to 70.08 against the US dollar in early trade on rising global crude prices and fresh demand for the American currency from importers.

Also Read: Rupee rises 9 paise against US dollar in early trade

At the Interbank Foreign Exchange (forex) market, the rupee opened on a weaker note at 70.06 against the US dollar, and further fell to quote at 70.08, a decline of 22 paise over its previous close.

The rupee Wednesday had declined by 24 paise to close at 69.86 against the greenback.

Also Read: Sensex rises over 100 pts; Nifty tests 11,600

The dollar index, which gauges the greenback's strength against a basket of six currencies, edged lower by 0.15 per cent to 98.02.

Meanwhile, equity benchmark BSE Sensex was trading 42.83 points or 0.11 per cent higher at 39,097.51, and the NSE Nifty rose 22.95 points or 0.20 per cent to 11,749.10. (ANI)
 

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