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HindustanTimes Wed,27 Aug 2014

Rupee down 7 paise against dollar in morning trade

PTI  Mumbai, July 14, 2014
First Published: 11:22 IST(14/7/2014) | Last Updated: 11:27 IST(14/7/2014)

The rupee fell by 7 paise to 60.00 against the American currency in morning trade on Monday on fresh dollar demand from banks and importers amid weak equity markets.

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Fresh capital outflows from foreign funds affected the value of the rupee against the dollar, a forex dealer said.

The rupee resumed lower at 59.95 as against the last weekend's level of 59.93 per dollar at the Interbank Foreign Exchange (Forex) market and moved in a range of 59.90 and 60.01 per dollar before quoting at 60.00 at 10am.

Meanwhile, the benchmark BSE Sensex continued to decline and was quoted below 25,000-level at 24,991.69 at 1000 hours, showing a loss of 32.66 points, or 0.13%, from its last weekend's level.


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