Business Today
Loading...

Rupee falls 7 paise against US dollar in early trade

Forex traders said dollar gains against other Asian currencies and a weak opening in the stock market mainly put pressure on the Indian currency.

twitter-logo PTI   Mumbai     Last Updated: March 11, 2011  | 10:53 IST

The rupee depreciated by 7 paise to 45.25 per US dollar in early trade at the Interbank Foreign Exchange on Friday, weighed down by dollar gains against other Asian currencies and a weak start in the stock market.

Forex traders said dollar gains against other Asian currencies and a weak opening in the stock market mainly put pressure on the rupee. The Indian currency fell 18 paise to close at a one-week low of 45.18/19 on Thursday amid weak equities and dollar firmness overseas.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell 127.61 points, or 0.69 per cent, to 18,200.37 in early trade.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close