Rupee pares early losses against dollar, still down by 15 paise
Quotes

Rupee pares early losses against dollar, still down by 15 paise

Last Updated: Wednesday, November 21, 2012, 12:17
 
 Comment 0
 
Rupee pares early losses against dollar, still down by 15 paise
Mumbai: The rupee pared some of its early losses but still quoted 15 paise down at 55.25 against the American currency in the late morning trade.

The rupee resumed lower at 55.13 per dollar as against the last closing level of 55.10 per dollar at the Interbank Foreign Exchange (Forex) Market and declined further to 55.37 per dollar before quoting at 55.25 per dollar at 1050 hrs.

Traders said dollar demand from banks and importers on the back of higher dollar in overseas market put the Indian currency under pressure.

It moved in a range of 55.13 per dollar and 55.37 per dollar during the morning deals.

"The rupee is still expected to be weak with some dips in between," said India Forex Advisors in a report.

In New York, the dollar turned higher yesterday as attention shifted back toward whether and when Greece will get its next installment of bailout funds.

Meanwhile, the Indian benchmark BSE Sensex rose by 80.13 points, or 0.44 percent, to 18,409.45 at 1100 hrs.

PTI




First Published: Wednesday, November 21, 2012, 10:28


Comments


comments powered by Disqus
Hyundai 4S Fluidic Verna
Hyundai 4S Fluidic Verna
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014

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