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Rupee loses 9 paise against US dollar in early trade

The Indian rupee fell by another 9 paise to Rs 45.34 per US dollar on the Interbank Foreign Exchange on steady demand for the American currency from importers and euro weakness overseas.

twitter-logo PTI   Mumbai     Last Updated: August 11, 2011  | 10:09 IST

Continuing its slide for the eighth straight session, the Indian rupee fell by another 9 paise to Rs 45.34 per US dollar in early trade on the Interbank Foreign Exchange on Thursday on steady demand for the American currency from importers and euro weakness overseas.

A weak opening in the equity market also put pressure on the rupee.

Dealers said sustained dollar demand from importers, the weak euro overseas and a lower start in the stock market did not permit an improvement in the rupee sentiment.

In Wednesday's trading session, the rupee closed down by 5 paise at an 11-week low of Rs 45.25/26 against the dollar as strong demand for the US currency eroded early gains, despite a smart recovery in the stock market.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 89.41 points, or 0.52 per cent, to 17,041.10 in opening trade on Thursday.

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