Advertisement

HindustanTimes Thu,27 Nov 2014

Rupee down 24 paise vs US dollar in early trade

PTI  Mumbai, January 28, 2013
First Published: 10:08 IST(28/1/2013) | Last Updated: 10:10 IST(28/1/2013)

The rupee on Monday depreciated by 24 paise to 53.92 against the dollar in early trade on the Interbank Foreign Exchange on fresh demand for the US currency.

Advertisement

Forex dealers said month-end dollar demand from oil importers and dollar's gain against other currencies overseas, also put pressure on the rupee.

However, a higher opening in the equity market, capped the rupee's losses, they said.

The rupee had ended almost unchanged at 53.68 against the dollar in the previous session on Thursday.

The forex and money markets were closed on Friday on account of 'Id-E-Milad'.

Meanwhile, the BSE benchmark Sensex rose by 41.10 points, or 0.20%, to 20,144.63 in early trade on Monday.


Advertisement
more from Business

Nippon to up Reliance MF stake to 49%; Rs 657 cr for first 9%

Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26% to 49%, while investing Rs 657 crore for the first tranche of 9%.

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