Rupee falls by 27 paise against dollar in early trade | business | Hindustan Times
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Rupee falls by 27 paise against dollar in early trade

The Indian rupee depreciated by 27 paise at 50.57 against the US currency in early trade on heavy capital outflows by funds on expectations of weak opening of the domestic stock markets in line with other Asian equity markets.

business Updated: Apr 21, 2009 10:26 IST

The Indian rupee on Tuesday depreciated by 27 paise at 50.57 against the US currency in early trade on heavy capital outflows by funds on expectations of weak opening of the domestic stock markets in line with other Asian equity markets.

Dealers said increased dollar demand from importers also led to the weakening of rupee.

At the Interbank Foreign Exchange (Forex) market, the local currency, which on Monday tumbled by 45 paise to a nearly three-week low of 50.30/31 a dollar, plunged by 27 paise at 50.57 against the greenback.

On Monday, the BSE benchmark Sensex ended 44 points lower after touching the intra-day high of 11,209.66.