Economy

Rupee down 2 paise vs dollar in early trade

PTI Mumbai | Updated on November 09, 2017 Published on December 24, 2010

The rupee fell by 2 paise to Rs 45.18 against the US dollar in early trade at the Interbank Foreign Exchange on Friday, tracking weakness in other Asian currencies

The rupee fell by 2 paise to Rs 45.18 against the US dollar in early trade at the Interbank Foreign Exchange on Friday, tracking weakness in other Asian currencies.

Month-end demand from importers for the American currency and a weak opening in the stock market also weighed on the Indian rupee.

Forex dealers said dollar gains against other Asian currencies and month-end demand for the American currency from importers also put pressure on the Indian rupee.

The rupee had ended 7 paise lower at Rs 45.16/17 against the US dollar in yesterday’s session.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 102.52 points to 19,880.36 in opening trade today.

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Published on December 24, 2010
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