Rupee depreciates 10 paise against dollar in opening trade
PTI | HT Correspondent, Mumbai
Dec 10, 2009 11:13 AM IST
The rupee on Thursday depreciated by 10 paise to 46.63 a dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings.
The rupee on Thursday depreciated by 10 paise to 46.63 a dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings.
At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 10 paise down at 46.63 a dollar. It had closed 14 paise higher at 46.53/54 against the dollar in Wednesday's volatile trading session.
Unlock exclusive access to the story of India's general elections, only on the HT App. Download Now!
The Reserve Bank, yesterday, tightened the guidelines for external commercial borrowings by withdrawing relaxations provided to companies to raise money from overseas debt markets, raising fears that capital inflows would be adversely impacted.
However, dollar's weakness overseas kept rupee's losses limited.
Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Stay informed on Business News, TCS Q4 Results Live along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Stay informed on Business News, TCS Q4 Results Live along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Share this article