Rupee crashes below 56-level, down 31 paise vs dollar | business | Hindustan Times
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Rupee crashes below 56-level, down 31 paise vs dollar

business Updated: Aug 03, 2012 10:08 IST

PTI
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The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers.

Besides, the euro stayed bearish against other currencies in overseas markets after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis, dealers said.

The rupee had lost 37 paise to close at a one-week low of 55.84 yesterday against the US currency following fresh dollar demand.

Meanwhile, the BSE benchmark Sensex fell by 115.95 points, or 0.67%, to 17,108.41 in early trade.