Advertisement

HindustanTimes Sat,19 Apr 2014

Rupee continues slide against dollar down 29 paise

PTI  Mumbai, February 08, 2013
First Published: 10:11 IST(8/2/2013) | Last Updated: 12:07 IST(8/2/2013)

The rupee continued to slide against US dollar on Friday morning, down 29 paise at 53.51 on persistent demand for the American currency from banks and exporters as it gained in the overseas forex markets as well.

Advertisement

The dollar gained despite capital inflows into the Indian equity market.

The rupee resumed lower at 53.44 a dollar as against the last closing of 53.22 at the Interbank Foreign Exchange (Forex) Market. It dropped further to a low of 53.58, before quoting at 53.51 per USD at 1040 hrs.

The rupee moved in the 53.42 and 53.58 per dollar range during the morning deals.

Persistent dollar demand from banks and exporters against the backdrop of its firm value overseas affected the rupee, a forex dealer said.

In New York, the euro weakened against the dollar and other currencies.

Meanwhile, the BSE 30-share index, Sensex, rose 47 points or 0.24% quoting 19,627.73 at 1050 hours.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved