Rupee down 37 paise to 62.94 against dollar
Quotes

Rupee down 37 paise to 62.94 against dollar

Last Updated: Thursday, November 21, 2013, 11:44
 
 Comment 0
 
Rupee down 37 paise to 62.94 against dollar
Mumbai: Extending its losses for the second day in a row, the rupee today declined by 37 paise to 62.94 against the dollar in the late morning trade on sustained demand for the US currency from banks and importers.

The rupee resumed lower at 62.85 per dollar as against the last closing level of 62.57 at the Interbank Foreign Exchange (Forex) Market and dropped further to 62.98 before quoting at 62.94 at 1040 hours.

It hovered in a range of 62.79 and 62.98 per dollar during the late morning deals.

Banks and importers preferred to increase their dollar position on the back of firm dollar in overseas market.

In New York market, the US dollar rose against the euro yesterday after Federal Reserve minutes suggested more willingness among officials to slow its bond buys, at the same time the European Central Bank is mulling a potential deposit-rate cut into negative territory if more economic stimulus is needed.

Meanwhile, the benchmark Sensex dropped by 245.43 points or 1.19 percent to 20,389.70 at 1045hrs.



PTI

First Published: Thursday, November 21, 2013, 10:52


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

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