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Our Bureau

Mumbai, Nov. 18 The rupee was down in alignment with equities and depreciated by about 30 paise. It opened at 49.62 and closed at 49.67/68, against the previous close of 49.38/40.

There was no other trigger other than the stock market, said a forex dealer with a private bank. There were sellers at 49.8, as corporates were looking to book profits, and there were buyers at 49.60, said the dealer.

In the overseas market the dollar was relatively weak against currencies such as the euro and the pound. The other global currencies which had lost heavily against the dollar are now consolidating their positions, said the dealer.

In the forward premia market, the 12-month closed higher at 1.84 (1.56 per cent), as importers bought forwards, the dealer said.

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