HindustanTimes Sat,19 Apr 2014

Rupee hits two-month low; down 17 p vs dollar in early trade

PTI  Mumbai, November 06, 2012
First Published: 10:27 IST(6/11/2012) | Last Updated: 10:31 IST(6/11/2012)

The rupee on Monday fell by 17 paise to touch a fresh two-month low of 54.78 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers.


Besides, euro's weakness against the dollar overseas on renewed worries about Greece's debt crisis and US presidential elections also put pressure on the local unit, forex dealers said.

The rupee had plunged by 80 paise on Monday to close at over eight-week low of 54.61 on massive dollar demand from banks and importers amid a sharp rise in the American currency overseas.

Meanwhile, the BSE benchmark Sensex rose by 48.09 points, or 0.25%, to 18,810.96 in early trade on Tuesday.

more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved