Rupee weakens by 39 paise to 51.17 vs dollar

PTI Mumbai | Updated on March 29, 2012 Published on March 29, 2012



The rupee fell 39 paise to 51.17 against dollar at the Interbank Foreign Exchange market in early trade today following strong month-end demand for the US currency from importers.

Dealers said the dollar’s gains against the euro and other currencies overseas, strong month-end demand for the American currency from oil importers mainly weighed on the rupee sentiment. A weak opening in the equity market also impacted the rupee sentiment, they said.

The domestic unit had ended lower by 9 paise at 50.78/79 against the dollar yesterday.

The BSE benchmark Sensex dipped below 17,000 level, losing 169.35 points or 0.94 per cent to 16,952.27 in early trade today.

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Published on March 29, 2012
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