Rupee loses 16 paise against dollar on negative macro numbers

MUMBAI: The rupee took a hit of 16 paise at 64.56 against the US dollar today, unable to digest a negative set of macroeconomic data.

According to data released yesterday, industrial growth in October hit a 3-month low of 2.2 per cent while retail inflation in November rose to a 15-month high of 4.88 per cent.

A lower opening in domestic stock markets, rise in global crude oil prices and a resurgent dollar against other currencies ahead of the Fed policy announcement later in the day kept the rupee on the edge.

Yesterday, the rupee had shed 3 paise at 64.40 against the US currency in a quiet session.

The benchmark Sensex fell 104.55 points, or 0.31 per cent, to 33,123.44 in early session today.


Fast, accurate and updated real time local news is available on your smartphone and tablet.