Rupee drops by 15 paise against dollar in late morning trade
Quotes

Rupee drops by 15 paise against dollar in late morning trade

Last Updated: Friday, March 01, 2013, 13:04
 
 Comment 2
 
Rupee drops by 15 paise against dollar in late morning trade
Mumbai: The Indian rupee dropped by 15 paise to Rs 54.51 against the US dollar in the late morning trade on persistent dollar demand from banks and importers on the back of higher dollar overseas.

The rupee resumed lower at Rs 54.65 per dollar against the last closing level of Rs 54.36 per dollar at the Interbank Foreign Exchange (Forex) and dropped further to Rs 54.67 per dollar before quoting at Rs 54.51 per dollar at 1050 hrs.

It moved in a range of Rs 54.51 per dollar and Rs 54.67 per dollar in the morning deals.

Sustained dollar demand from banks and importers in view of firm dollar in the overseas market mainly affected the rupee value against the dollar, a foerx dealer said.

In the New York market, the US dollar rose against the euro yesterday, extending its advance after the release of generally positive readings on the world's largest economy.

Meanwhile, the Indian benchmark Sensex rose by 87.69 pts or 0.46 pct to 18,949.23 at 1050 hrs.

PTI



First Published: Friday, March 01, 2013, 10:06


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