18 Jan 2019 | 12:04 PM

News

FOREX
Rupee slips against dollar on strong US factory data
Published on 10-03-2017
The Indian Rupee was trading lower against the US dollar on Tuesday on account of buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors.


Strong factory data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurised.


At the Interbank Foreign Exchange Market the local currency was down by 30 paise at 65.54 per dollar against a previous close of 65.58 per dollar at 10:48 hours. Meanwhile BSE SENSEX was at 31498.4 up by 214.68 points or by 0.69 per cent while NSE Nifty was at 9846.3 up by 57.7 points or by 0.59 per cent.