ibnlive » Business

Rupee down 25 paise against dollar in early trade

Press Trust of India
Feb 21, 2013 at 09:51am IST

Mumbai: The rupee on Thursday depreciated by 25 paise to 54.32 against the dollar in early trade on the Interbank Foreign Exchange due to renewed demand for the US currency, amid weak equities. Forex dealers said dollar's gain against other currencies overseas also weighed on the rupee sentiment.

The local unit had ended 11 paise higher at 54.07 on Wednesday due to persistent dollar selling by exporters and moderate capital inflows, amid reports of low volumes due to the ongoing two-day bank union strike.

Meanwhile, the BSE benchmark Sensex down by 140.52 points, or 0.71 per cent, to 19,502.23 in the early trade on Thursday.

Rupee down 25 paise against dollar in early trade

Forex dealers said dollar's gain against other currencies overseas also weighed on the rupee sentiment.

Latest

More from this section

PREVIOUS  Sensex falls more than 300 points; banks hit

NEXT  Govt may announce launch of 100 trains in Rail budget