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Rupee loses 16 paise against dollar on negative macro numbers

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 on Wednesday, unable to digest a negative set of macroeconomic data.

According to data released on Tuesday, 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.

On Tuesday, 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 on Wednesday.