Rupee down 4 paise against USD in early trade | india | Hindustan Times
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Rupee down 4 paise against USD in early trade

The Indian rupee on Wednesday tumbled by four paise to 47.82 against the US dollar on expectations of capital outflows by foreign funds as domestic bourses may open weak in tandem with other Asian markets.

india Updated: May 20, 2009 11:14 IST

The Indian rupee on Wednesday tumbled by four paise to 47.82 against the US dollar on expectations of capital outflows by foreign funds as domestic bourses may open weak in tandem with other Asian markets.

At the Interbank Foreign Exchange (Forex) market, the local unit, which gained 10 paise to 47.78/80 a dollar yesterday, moved down marginally by four paise in early trade.

Forex dealers said the benchmark Sensex is likely to open on a weak note in line with other Asian markets, which are down up to one per cent, leading to capital outflows by foreign funds.

The Bombay Stock Exchange 30-share barometer yesterday closed at 14,302.03, marginally up 17.82 points or 0.12 per cent.