Rupee down 34 paise Vs dollar in early trade to 54.35
Quotes

Rupee down 34 paise Vs dollar in early trade to 54.35

Last Updated: Monday, March 18, 2013, 09:58
 
 Comment 0
 
Rupee down 34 paise Vs dollar in early trade to 54.35
Mumbai: The rupee on Monday lost 34 paise to 54.35 in early trade at the Interbank Foreign Exchange, due to increased dollar demand from importers and appreciation of the US currency overseas.

Forex dealers said a weak opening in the domestic stock market also put pressure on the local currency.

Dollar strengthening against euro on reports that Cyprus would have to tax bank customers' deposits as part of an EU bailout deal, mainly pulled down the rupee, they added.

The domestic currency had gained 34 paise to close at a two-week high of 54.01 on Friday on robust capital inflows and heavy selling of the American currency by exporters.

Meanwhile, the BSE benchmark Sensex was down by 183.14 points, or 0.94 per cent, at 19,244.42 in early trade Monday.

PTI


First Published: Monday, March 18, 2013, 09:58


Comments


comments powered by Disqus
Honda Mobilio MPV
Honda Mobilio MPV
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

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