iconimg Tuesday, September 01, 2015

Press Trust Of India
Mumbai, September 26, 2012
The rupee recovered marginally after initial losses on Wednesday but was still trading down 19 paise at 53.55 a dollar on persistent demand for the American currency from banks and its strengthening in the overseas forex markets.

The rupee resumed lower at 53.50 a dollar as against the last closing level of 53.36 at the Interbank Foreign Exchange (Forex) Market, and dropped further to 53.63.

However, it recovered to 53.47 a dollar before quoting at 53.55 at 1040 hrs. It moved in a range of 53.47-53.63 during the morning hours.

In New York market, the dollar turned higher yesterday.

Meanwhile, BSE 30-stock index, Sensex, was trading 37 points or 0.20% down at 18,657.17 at 1050 hrs.