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Rupee breaches 96 level; falls 19 paise to 96.10 against US dollar amid global uncertainties, Fed rate hike

At the interbank foreign exchange market, the rupee opened at 95.88 and lost further ground to trade at 96.10 against the US dollar in early deals, down 19 paise from its previous close, breaching the crucial 96 level for the first time since July 24

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Representational Image. File pic.

Representational Image. File pic.

The rupee depreciated 19 paise to breach the 96 level against the US dollar for the first time in over two months in early trade on Thursday following weak investor sentiments amid global uncertainties.

The currency, however, pared losses and traded with a gain of 10 paise following suspected RBI intervention.

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