Rupee down 9 paise against dollar in early trade | business | Hindustan Times
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Rupee down 9 paise against dollar in early trade

business Updated: Apr 23, 2009 10:00 IST

The Indian rupee on Thursday depreciated by nine paise to 50.43 against the US currency in early trade on account of heavy capital outflows by funds and increased month-end dollar demand from importers and refiners.

At the Interbank Foreign Exchange market, the local unit, which had snapped its four-day losing streak on Wednesday and gained 11 paise to 50.34 against the greenback, fell again to 50.43 a dollar.

Meanwhile, the benchmark Sensex on Wednesday dropped by 80.57 points or 0.74 per cent due to profit-booking at higher levels.