Advertisement

HindustanTimes Thu,17 Apr 2014

Rupee declines by 13 paise vs dollar in late morning trade

PTI  Mumbai, January 03, 2013
First Published: 11:27 IST(3/1/2013) | Last Updated: 11:44 IST(3/1/2013)

The rupee dropped by 13 paise to 54.48 against the American currency in the late morning trade on Thursday on fresh dollar demand from banks and importers in view of firm dollar overseas.

Advertisement

The rupee resumed lower at 54.44 per dollar as against the last closing level of 54.35 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 54.39 per dollar and 54.52 per dollar before quoting at 54.48 per dollar at 1050 hrs.

Fresh bouts of dollar demand from banks and importers mainly attributed to rupee sentiment, though sustained foreign capital inflows restricting its further fall, a dealer said.

In New York market, the dollar remained strong against the basket of currencies after Congress passed a bill to avoid much of the fiscal-cliff tax increases and delayed spending cuts.

Meanwhile, the Sensex firmed up by 31 points or 0.16% to 19,745.65 at 1100 hrs.

Advertisement
more from Business

RBI raises $3.3 billion in biggest-ever bond auction

The Reserve Bank of India on Thursday fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved