Advertisement

HindustanTimes Fri,18 Apr 2014

Rupee down 4 paise against dollar in early trade

PTI   Mumbai, January 29, 2013
First Published: 10:11 IST(29/1/2013) | Last Updated: 11:02 IST(29/1/2013)

The rupee today fell marginally by 4 paise to trade at fresh one-week low of 53.95 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the euro overseas and a weak opening in the domestic equity market.

Advertisement

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

Dealers attributed the rupee's fall to dollar gains against the euro overseas and a lower opening in the stock market.

The rupee had lost 23 paise to close at one-week low of 53.91 a dollar in yesterday's trade on heavy demand from importers for the American currency.

Meanwhile, the BSE benchmark Sensex was down by 30.86 points, or 0.15%, at 20,072.49 in early trade today.

Advertisement
more from Business

Rajat Gupta to surrender on June 17 in insider trading case

Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved