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Rupee opens 7 paise lower against dollar

Forex dealers said besides the dollar's gains against other Asian currencies, continued demand for the American currency from importers also kept pressure on the Indian rupee.

twitter-logo PTI   Mumbai     Last Updated: November 24, 2010  | 10:24 IST

The Indian rupee fell 7 paise to over a two-month low of Rs 45.64 against the US dollar in early trade at the Interbank Foreign Exchange on Wednesday, tracking losses in other Asian currencies.

Forex dealers said besides the dollar's gains against other Asian currencies, continued demand for the American currency from importers also kept pressure on the Indian rupee, but a moderate recovery in stock markets in the opening trade capped its losses.

The Indian currency had ended at eight-week low of Rs 45.57/58 against the US dollar in the previous session amid a tumbling of stock markets.

Meanwhile, the Bombay Stock Exchange benchmark Sensex climbed 68.29 points, to 19,760.13, in the opening trade on Wednesday.

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