Rupee down by 10 paise against dollar
The rupee today fell by 10 paise against the US currency in early trade, largely in tandem with Asian currencies' weakness against a rising dollar.business Updated: Oct 20, 2010 10:27 IST
The rupee on Wednesday fell by 10 paise against the US currency in early trade, largely in tandem with Asian currencies' weakness against a rising dollar.
However, sustained capital inflows amid dollar selling by exporters and banks limited the Indian rupee losses.
At the Interbank Foreign Exchange (Forex) market, the domestic unit was trading 10 paise lower at Rs 44.45 a dollar in early trade.
It had closed flat at 44.35/36 against the US currency in the previous session.
Forex dealers said dollar's gain against other Asian currencies weighed on the Indian rupee but inflow of capital by foreign funds restricted its losses.
Meanwhile, the BSE Sensex fell by 97.52 points, or 0.48 per cent to 19,885.61 in the opening trade on Wednesday.