Money & Banking

Rupee weakens against dollar

PTI Mumbai | Updated on February 23, 2011

The rupee symbol.

rupee

Cutting short the three-session rising trend, the rupee on Tuesday fell sharply by 28 paise against the US currency on heavy dollar demand from importers on soaring oil prices after mounting tensions in West Asia.

At the forex market, the domestic currency settled at 45.265/275, a loss of 28 paise, or 0.62 per cent, over the previous close.

The rupee opened at 45.12/13 a dollar as against overnight close of 44.985/995 a dollar. It gradually moved downwards to a low of 45.34, before recovering slightly to settle the day at 45.265/275.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 22, 2011
This article is closed for comments.
Please Email the Editor