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Rupee opens 7 paise lower in morning trade

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

twitter-logo PTI   Mumbai     Last Updated: November 26, 2010  | 10:45 IST

The Indian rupee depreciated 7 paise to Rs 45.59 against the US dollar in early trade at the Interbank Foreign Exchange on Friday, tracking weakness in other Asian currencies.

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

The rupee had closed 18 paise higher at 45.52/53 against the dollar in the previous session.

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