Advertisement

HindustanTimes Mon,22 Sep 2014

Rupee hits one-month low; oil demand hurts

Reuters   October 16, 2012
First Published: 11:12 IST(16/10/2012) | Last Updated: 11:08 IST(19/10/2012)

The rupee falls to 53.77/78 versus its previous close of 53.41/42, after hitting 53.82, its lowest since September 21 on the back of heavy dollar demand from oil firms.

Advertisement

Traders say broad risk-off seen in global markets also aiding sentiment for the dollar.

Asian shares ease as markets consolidate gains from a three-day rally, while the euro remains underpinned by easing tension over the euro zone's debt crisis.


Advertisement
more from Business

Airlines oppose govt policy on connectivity to remote areas

Airlines and private charter operators have opposed the government's draft policy on air connectivity to regional and remote areas, saying it will have severe impact on their financial strength.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved