Rupee down 10 paise against dollar in early trade | business | Hindustan Times
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Rupee down 10 paise against dollar in early trade

The rupee today weakened by 10 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.

business Updated: Mar 14, 2013 10:01 IST
rupee vs dollar

The rupee weakened on Thursday by 10 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.


Forex dealers said besides dollar's gains against other currencies overseas on strong US retail sales data, increased demand from oil importers for the American currency also put pressure on the rupee.

The rupee had lost 12 paise to close at 54.30 against the US dollar on Wednesday due to fall in local stock markets and renewed dollar demand.

Meanwhile, the BSE benchmark Sensex recovered by 46.29 points, or 0.24%, to 19,408.84 in early trade on Thursday.