Mumbai: The rupee dropped sharply by 25 to
65.07 per dollar in early trade today amid gains in the US
currency in global markets.
Forex dealers said the dollar strengthened against major
global currencies which hit the rupee sentiment.
The euro dropped to three-month lows after the European
Central Bank extended its bond purchases and reduced the
chances that it would hike interest rates in 2018.
Yesterday, the rupee had gained 7 paise to end at over
one-week high of 64.82 on sustained selling of the American
currency by banks and exporters.
Meanwhile, the benchmark BSE Sensex maintained its record
setting spree by gaining another 123.49 points, or 0.37 per
cent, to 33,270.62 in early trade today.
Advertisement
