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Home » News » Business » Rupee down 22 paise against dollar in early trade

Rupee down 22 paise against dollar in early trade

The rupee weakened by 22 paise to trade at 61.45 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market due to increased demand for the U.S. currency from importers.

Forex dealers said besides dollar’s gains against other overseas currencies after a U.S. Federal Reserve policy statement gave a better-than-expected outlook on economic conditions, month-end demand from

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importers for the American currency and a lower opening in the stock market also put pressure on the rupee.

The rupee gained 8 paise to close at over two-week high of 61.23 against the U.S. dollar in the previous session.

Meanwhile, the BSE benchmark Sensex slipped below 21,000 level by falling 37.28 points, or 0.18 per cent, to 20,996.69 in early trade on Wednesday.

Source : http://www.thehindu.com/business/markets/rupee-down-22-paise-against-dollar-in-early-trade/article5299615.ece

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