Advertisement

HindustanTimes Wed,23 Apr 2014

Rupee down 12 paise against dollar in early trade

PTI  Mumbai, February 14, 2013
First Published: 10:10 IST(14/2/2013) | Last Updated: 10:12 IST(14/2/2013)

The rupee declined by 12 paise to 53.94 against the dollar at the Interbank Foreign Exchange market in early trade on Thursday on fresh demand for the American currency from banks.


Advertisement

Forex dealers said fresh demand for the US dollar from banks mainly put pressure on the rupee but a higher opening in the equity market restricted the loss.

The rupee had edged up by just three paise to close at 53.82 against the US dollar amid mild dollar selling by exporters in Wednesday's trade.

Meanwhile, the BSE benchmark index Sensex rose further by 19.71 points, or 0.10%, to 19,627.79 in early trade on Thursday.

Advertisement
more from Business

GM seeks US court protection against ignition lawsuits

General Motors Co filed a motion in a US court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved