Rupee down 37 paise against US$ | business | Hindustan Times
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Rupee down 37 paise against US$

business Updated: Nov 12, 2008 12:00 IST

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The Indian rupee on Wednesday fell by 37 paise against the greenback in early trade on heavy dollar buying by banks and pick-up in demand from importers amid weak Asian equity markets.

At the Interbank Foreign Exchange (forex) market, the domestic unit, which plunged 73 paise on Tuesday, depreciated by another 37 paise at 48.48 against the US currency.

Meanwhile, the Indian benchmark BSE Sensex closed over 696.47 points, or 6.61 per cent down on Tuesday.