Rs. sheds 12 paise against dollar | business | Hindustan Times
Today in New Delhi, India
May 26, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Rs. sheds 12 paise against dollar

The rupee declined by 12 paise to 55.74 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand from oil importers for the American currency.

business Updated: Aug 30, 2012 11:04 IST

The rupee declined by 12 paise to 55.74 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market on month-end demand from oil importers for the American currency.

Besides increased dollar demand from importers, a lower opening in the domestic equity market put pressure on the rupee, forex dealers said.

The BSE benchmark Sensex fell by 79.47 points, or 0.45%, to 17,411.34 in early trade.

However, dollar's weakness against euro and other currencies overseas after US economic data capped rupee's losses, they added.

The rupee had gained 5 paise to end at 55.62 against the dollar on selling of the American currency by exporters in yesterday's session.