Economy News, Latest economy news India, Indian Economy features, Personal Finance, Stock Markets, BSE, NSE, Indian Economy News, politics, indian political parties, government policies
Business Today
Economy and Politics

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

At the Interbank Foreign Exchange (Forex) market, the domestic unit opened lower at 45.53/55 per dollar from its previous close of 45.40/41 per dollar.
Economic optimism rose significantly among Indians in 2010, so did their perception about their own standard of living, the latest Gallup poll says.
Forex dealers said increased demand for the American currency from importers, mainly oil refiners, and banks mainly kept pressure on the Indian currency.
Price of food items like pulses and vegetables declined during the week ended November 13 on improved availability after the end of the monsoon season.

Led by a weak opening on domestic bourses the Indian rupee fell by 10 paise against the US dollar in early trade.