Advertisement

HindustanTimes Sat,12 Jul 2014

Rupee declines by 25 paise against dollar in early trade

PTI  Mumbai, October 08, 2012
First Published: 10:42 IST(8/10/2012) | Last Updated: 10:44 IST(8/10/2012)

The rupee depreciated by 25 paise to Rs. 52.10 per dollar in early trade on Monday, weighed down by dollar's gains overseas.

Advertisement

Forex dealers said weakness in Asian currencies against the US dollar and demand for the greenback from importers mainly put pressure on the rupee.

Meanwhile, the BSE Sensex Index fell by 61.48 points, or 0.32%, to 18,880.50.

The domestic unit had ended down by 11 paise at Rs. 51.85 per dollar in the previous session on weakness in local shares amid fresh dollar demand from importers.


Advertisement
more from Business

Doubling of tax on debt mutual funds to hit retirees

On Thursday, finance minister Arun Jaitley gave investors and the mutual fund industry a jolt by increasing the long-term capital gains tax on debt mutual funds to 20% from 10%. The definition of long-term has also been changed to 36 months for non-equity MFs from 12 months.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved