Advertisement

HindustanTimes Thu,18 Sep 2014

Rupee hits three week low, down 32 paise

PTI  Mumbai, May 10, 2013
First Published: 10:39 IST(10/5/2013) | Last Updated: 10:43 IST(10/5/2013)

The rupee on Friday hit a more than a three week low, losing 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.

Advertisement

Increased demand for the dollar from banks and importers also put pressure on the rupee but a higher opening in the domestic equity market capped the fall, forex dealers said.

The rupee had lost nine paise to close at a one-week low level of 54.25 against the dollar due to sustained demand for US currency for oil and gold related payments.

Meanwhile, the BSE benchmark Sensex recovered by 27.97 points, or 0.14%, at 19,967.01 in early trade.


Advertisement
more from Business

Jet to launch full services on all-economy subsidiary JetKonnect

In a bid to take on competition from Tata-SIA's Vistara airline which is yet to start operations, Jet Airways on Thursday announced launch of full services even on its all-economy subsidiary JetKonnect from December.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved