Advertisement

HindustanTimes Thu,25 Dec 2014

Rupee hits one-month low; oil demand hurts

Reuters   October 16, 2012
First Published: 11:12 IST(16/10/2012) | Last Updated: 11:08 IST(19/10/2012)

The rupee falls to 53.77/78 versus its previous close of 53.41/42, after hitting 53.82, its lowest since September 21 on the back of heavy dollar demand from oil firms.

Advertisement

Traders say broad risk-off seen in global markets also aiding sentiment for the dollar.

Asian shares ease as markets consolidate gains from a three-day rally, while the euro remains underpinned by easing tension over the euro zone's debt crisis.


Advertisement
more from Business

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved