Rupee breaches 67-mark, opens at a two-year low of 67.09 per dollar
The Indian rupee opened at a fresh two-year low at 67.09 per dollar. This was mainly on the back of strong demand for the American unit from importers and some banks amid a lower opening of the domestic equity market.
The Indian rupee opened at a fresh two-year low at 67.09 per dollar. This was mainly on the back of strong demand for the American unit from importers and some banks amid a lower opening of the domestic equity market.Dealers said besides dollar's gain against some overseas currencies, sustained capital outflows weighed on the domestic unit.
It is trading lower by 21 paise against Friday's close of 66.88.
The dollar remains largely unchanged against major currencies ahead of the all important Fed meet this week.
Meanwhile, the market is also keeping an eye on the Chinese currency after Beijing surprised some by shifting the way it values the yuan. On Monday morning, the benchmark BSE Sensex was trading below the 25,000-mark with a fall of 176.70 points or 0.70 per cent to 24,867.73 in early trade.