Rupee down 19 paise at 54.17 against US dollar
Quotes

Rupee down 19 paise at 54.17 against US dollar

Last Updated: Wednesday, October 31, 2012, 11:42
 
 Comment 0
 
Rupee down 19 paise at 54.17 against US dollar
Mumbai: The rupee fell by 19 paise to 54.17 against the American currency in early trade on month-end dollar demand from importers despite weak dollar overseas.

The rupee resumed slightly higher at 53.96 a dollar at the Interbank Foreign Exchange (Forex) Market.

However, it declined immediately to 54.23 before quoting at 54.17.

Fresh month-end dollar demand from importers, mainly oil companies, affected the rupee's value against the dollar, a forex dealer said.

In the global market, the dollar declined on expectations that the damage by Superstorm Sandy will encourage the US Federal Reserve to maintain monetary stimulus.

Meanwhile, the Indian benchmark Sensex firmed up by 26 points, or 0.14 per cent, to 18,457.29 at 1050 hrs.

PTI



First Published: Wednesday, October 31, 2012, 10:33


Comments


comments powered by Disqus
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active
Forbes` 10 Richest Indians 2015
Forbes` 10 Richest Indians 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved