Rupee takes 21-paise hit after dollar clout grows

Agencies10 April 2017 7:55 AM GMT
The rupee dropped a further 21 paise to 64.49 against the dollar today on growing safe haven appeal of the American currency after increased geo-political risks and higher chances of a tighter US monetary policy.
The rupee opened marginally lower at 64.30 against last Friday's level of 64.28 here today. It moved in a range of 64.50 to 64.30 during morning deals before quoting at 64.49 at 1025 hours.
Meanwhile, the dollar index was trading steady at 101.23 against a basket of six currencies.
Overseas, the dollar started the week at a three-week high against the basket of currencies today after a key US Federal Reserve official reinforced the central bank's commitment to interest rate hikes, going forward.
Meanwhile, the benchmark Sensex was trading higher by 49.54 points, or 0.17 per cent, at 29,756.15 at 1114 hours.
Achieving any real growth impossible without inclusiveness:...
22 Aug 2019 6:17 PM GMTThank you!
1 May 2017 6:52 PM GMTNo Modi charisma in Haryana polls: Selja
8 Oct 2019 4:43 PM GMTFinding a new medium of expression
31 Aug 2019 1:38 PM GMTIntegrating India towards development
25 Oct 2017 3:32 PM GMT
C'garh: Four sentenced to 30 years for raping minor
14 Dec 2019 10:51 AM GMT'My name is Rahul Gandhi, not Rahul Savarkar; will die, but...
14 Dec 2019 10:15 AM GMTAnti-CAB protests: Jamia announces vacation till Jan 5,...
14 Dec 2019 10:00 AM GMTSukhbir Badal re-elected SAD chief
14 Dec 2019 9:52 AM GMTChopper service remains suspended for second day at Mata...
14 Dec 2019 9:51 AM GMT