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Rupee down 14 paise against US dollar in early trade

The Indian currency had appreciated 14 paise to close at Rs 45.11/12 a dollar on Wednesday in line with higher stocks, sale of American currency by exporters and dip in oil prices.

twitter-logo PTI   Mumbai     Last Updated: March 17, 2011  | 10:07 IST

The Indian Rupee fell 14 paise to Rs 45.25 a dollar in early trade at the Interbank Foreign Exchange on Thursday, weighed down by a lower opening on the stock market and weakness in other Asian currencies overseas.

The Indian currency had appreciated 14 paise to close at Rs 45.11/12 a dollar on Wednesday in line with higher stocks, sale of American currency by exporters and dip in oil prices.

Forex dealers said a lower opening in the stock market and fall in other Asian currencies put pressure on rupee.

Meanwhile, the Bombay Stock Exchange benchmark Sensex opened 149.64 points, or 0.81 per cent, down at 18,209.05 level on Thursday.

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