Advertisement

HindustanTimes Sat,01 Nov 2014

Rupee sheds 34 paise against dollar in early trade

PTI  Mumbai, August 16, 2012
First Published: 10:20 IST(16/8/2012) | Last Updated: 10:24 IST(16/8/2012)

The rupee fell by 34 paise to 55.99 against the US dollar in early trade at the Interbank Foreign Exchange market on Thursday as the American currency gained against other currencies overseas.

Forex dealers said besides strengthening of dollar overseas, rupee fell for the fourth straight session on increased demand for the American currency from importers along with a weak opening in the domestic equity market.

The rupee had ended lower by 31 paise at 55.65 against the dollar in the previous session on Tuesday on sustained dollar buying by importers and worries over higher trade deficit in July.

The forex market remained closed yesterday on account of Independence Day.

Meanwhile, the BSE benchmark Sensex fell by 19.49 points, or 0.11%, at 17,708.71.


Advertisement
more from Business

Nokia Chennai plant to suspend ops from today

Eight years after it came into being as one of the world's largest mobile manufacturing facilities, Nokia's Chennai plant is all set to suspend operations from Saturday due to its exclusion from the Microsoft-Nokia deal.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved