Advertisement

HindustanTimes Fri,19 Dec 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

Sensex, rupee rally as Fed talks up markets

Indian stock and currency markets staged a pull-back rally on Thursday as global markets surged after the US Federal Reserve said a rate hike was unlikely in the short-term, and the NDA Cabinet cleared the Constitutional Amendment Bill on GST.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved