Advertisement

HindustanTimes Thu,23 Oct 2014

Rupee down 31 paise against dollar in early trade

PTI  Mumbai, July 30, 2013
First Published: 11:10 IST(30/7/2013) | Last Updated: 11:23 IST(30/7/2013)

The rupee on Tuesday lost 31 paise to 59.72 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas.

Advertisement

Increased month-end dollar demand from importers also put pressure on the rupee.

Dealers attributed the rupee's fall to dollar gains against the euro overseas and cautiousness ahead of the RBI monetary policy review today but a higher opening in the domestic stock market, restricted the fall.

The rupee had lost 37 paise, the most in a week, to close at Rs. 59.41 on Monday against the dollar.

Meanwhile, the BSE benchmark Sensex rose by 27.31 points, or 0.13 per cent, at 19,620.57 in early trade on Tuesday.


Advertisement
more from Business

Sensex begins Samvat 2071 on positive note, up 63 points

The first trading session of Samvat 2071 concluded on a positive note on Thursday with the Sensex rising over 63 points and the Nifty regaining the 8,000-mark, extending gains for the fifth straight session.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved