The Rupee Fell 20 Paise To 65.40 Against The US Dollar On Global Trade

The rupee fell 20 paise to 65.40 against the US dollar on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.

Geopolitical tensions over Syria and trade war concerns weighed on the domestic unit. But, a weak dollar against major global currencies capped some losses, forex dealers said.

India's exports dipped by 0.66 percent to USD 29.11 billion in March, even as they increased by 9.78 percent for the full 2017-18 fiscal.

The rupee closed higher by 6 paise at 65.20 in the previous session on Friday on the back of positive macroeconomic data and firm local equities.

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