Rupee down 21 paise vs dollar, lowest in 11-month
Quotes

Rupee down 21 paise vs dollar, lowest in 11-month

Last Updated: Thursday, August 25, 2011, 12:07
 
 Comment 0
 
Rupee down 21 paise vs dollar, lowest in 11-month
Mumbai: The Indian rupee dropped further by 21 paise to Rs 46.20 per US dollar in early trade Thursday on month-end dollar demand from importers and banks, coupled with a higher dollar in overseas markets.
    
The rupee resumed lower at Rs 46.10/12 per dollar at the Interbank Foreign Exchange, as against its previous close of Rs 45.99/46.00 per dollar, and moved down further to Rs 46.20 per dollar before quoting at Rs 46.15/16 per dollar at 1030 hours.
    
Sustained dollar demand from importers, mainly oil refiners, affected the rupee value against the dollar, a forex dealer said.
    
Persistent foreign capital outflows in view of weak equity markets was another reason behind the falling rupee value.
    
The Indian benchmark Sensex moved down 17 points, or 0.11 percent, in early trade Thursday.

PTI



First Published: Thursday, August 25, 2011, 11:04


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

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