Mumbai: Rupee on Friday lost 18 paise to 59.85 against the dollar in morning trade at the Interbank Foreign Exchange due to appreciation of the US currency against euro and yen overseas.
Forex dealers said that increased demand for the dollar from importers also put pressure on the rupee. The rupee had closed two paise lower at 59.67 a dollar in Thursday’s trade on fresh demand for the American currency.
Meanwhile, the BSE benchmark Sensex rallied by 228.78 points, or 1.16 per cent, at 19,904.84 in the morning trade on Friday.


Latest News  from Business News Desk