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Rupee down 10 paise against dollar

Forex dealers said increased month-end demand for the US currency from importers (mainly oil refiners) and banks, kept pressure on the Indian currency.

twitter-logo PTI   Mumbai     Last Updated: November 30, 2010  | 10:13 IST

The Indian Rupee weakened by 10 paise to an almost three-month low of Rs 46.03 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday, on continued demand for the American currency from importers and some banks.

Forex dealers said increased month-end demand for the US currency from importers (mainly oil refiners) and banks, kept pressure on the Indian currency. Weak equity markets also weighed on the Indian rupee.

The rupee had ended 9 paise lower at Rs 45.93/94 against the US dollar in Monday's session.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell 168.71 points to 19,236.39 in opening trade.

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