Rupee breaches 67-mark, falls 18 paise against dollar

The rupee had closed 17 paise lower against the US dollar at 66.88 on Friday

Rupee breaches 67-mark, falls 18 paise against dollar

Mumbai: The rupee again breached the 67-mark by depreciating 18 paise to 67.06 against the dollar in early trade on Monday at the Interbank Foreign Exchange, mainly on strong demand for the American unit from importers and some banks amid a lower opening of the domestic equity market.

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Dealers said besides dollar's gain against some overseas currencies, sustained capital outflows weighed on the domestic unit.

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The rupee had closed 17 paise lower against the US dollar at 66.88 on Friday, the lowest level in more than two years in the face of strong demand for greenback.

Also read: RBI says looking at bank powers to tackle stressed assets

Meanwhile, the benchmark BSE Sensex was trading below the 25,000-mark with a fall of 176.70 points or 0.70 percent to 24,867.73 in early trade.

 

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