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Rupee down 19 paise in opening trade

Forex dealers said rising demand for the US currency from importers coupled with it gaining against other major currencies around the world, hurt the Indian currency's sentiment.

twitter-logo PTI   Mumbai     Last Updated: October 5, 2010  | 12:24 IST

The Indian rupee weakened by 19 paise to 44.77, against the US dollar in the early trade at the Interbank Foreign Exchange on Tuesday.

Rising demand for dollar from importers and weak opening at the domestic stock market, coupled with the US currency gaining against other major currencies hurt the Indian currency's sentiment, forex traders said.

The rupee had ended 11 paise lower to close at 44.58/59 in the previous session.

Meanwhile, the Bombay Stock Exchange 30-share index declined 67.79 points, or 0.33 per cent, at 20,407.94 in opening trade on Tuesday.

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