Advertisement

HindustanTimes Fri,01 Aug 2014

Rupee down 12 paise against dollar in early trade

PTI  Mumbai, February 14, 2013
First Published: 10:10 IST(14/2/2013) | Last Updated: 10:12 IST(14/2/2013)

The rupee declined by 12 paise to 53.94 against the dollar at the Interbank Foreign Exchange market in early trade on Thursday 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 restricted the loss.

The rupee had edged up by just three paise to close at 53.82 against the US dollar amid mild dollar selling by exporters in Wednesday's trade.

Meanwhile, the BSE benchmark index Sensex rose further by 19.71 points, or 0.10%, to 19,627.79 in early trade on Thursday.


Advertisement
more from Business

Firms focus on investment, Jindal joins club

Indian and foreign companies have announced plans to invest about Rs 5 lakh crore since May this year, when the Narendra Modi-led NDA came to power, signaling a possible revival of the stalled investment cycle that has slowed down India’s GDP growth rate.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved