Rupee down 9 paise against dollar in early trade

Mumbai, November 16: The rupee weakened by 9 paise to 66.19 against the dollar in early trade, snapping its two-day winning run, on fresh demand for the US unit from importers.

Besides, the dollar's gain against euro in global market after the Paris attack added to the caution on the common currency and a lower opening in the domestic equity market put pressure on the rupee, forex dealers said.

The rupee had gained 21 paise to end at 66.10 against the US dollar in Friday's trade on heavy selling of the American currency from banks and exporters amid weak domestic macroeconomic data and fall in equities.

Meanwhile, the BSE Sensex dropped by 118.88 points or 0.46 per cent to 25,491.65 in early trade.

PNB Rs 13,000 crore fraud: Mehul Choksi writes to CBI again

New Delhi: Responding to the fresh set of summons sent by Central Bureau of Investigation (CBI), absconding jeweller Mehul Choksi again wrote a letter...

How RBI is disposing of demonetised currency worth Rs 15.28 trillion

New Delhi: Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disp...

RBI issues corrective framework for PSBs

New Delhi: Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PC...

No proposal under consideration to scrap Rs 2,000 note: Government

New Delhi: The government on Friday categorically said there was no proposal to discontinue Rs 2,000 currency note, which was introduced post demoneti...