Advertisement

HindustanTimes Mon,15 Sep 2014

Rupee down 10 paise against dollar in early trade

PTI  Mumbai, February 01, 2013
First Published: 11:07 IST(1/2/2013) | Last Updated: 11:10 IST(1/2/2013)

Snapping a three-day rising streak, the rupee on Friday fell by 10 paise to 53.32 against the dollar in early trade at the Interbank Foreign Exchange (Forex) market 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 limited the downside.

Meanwhile, the BSE benchmark index Sensex recovered by 42.04 points, or 0.21%, to 19,937.02 in early trade on Friday.

The rupee had gained 8 paise to close at a three-and-a -half-month high of 53.22 against the dollar on Thursday on sustained foreign fund inflows and sharp recovery in euro.


Advertisement
more from Business

India’s richest eye slice of Alibaba’s mega $21.1-billion initial public offering

Chinese e-commerce giant Alibaba.com, which is looking to raise a mammoth $21.1 billion (Rs 126.6 lakh crore) by listing on the United States stock market, is generating huge interest among investors worldwide, including among high net worth individuals in India.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved