Rupee drops by 16 paise vs dollar in late morning trade
Quotes

Rupee drops by 16 paise vs dollar in late morning trade

Last Updated: Monday, April 22, 2013, 11:43
 
 Comment 0
 
Rupee drops by 16 paise vs dollar in late morning trade
Mumbai: The rupee dropped by 16 paise to 54.12 against the American currency in the late morning trade on fresh dollar demand from banks and importers on the back of higher dollar in the overseas market.

The rupee resumed steady at 53.96 per dollar but declined immediately to a low of 54.12 at 1040 hrs at the Interbank Foreign Exchange (Foerx) Market here Monday.

Renewed dollar demand from banks and importers in view of higher dollar in the international market mainly affected the rupee against the dollar, a forex dealer said.

In Los Angeles, the US dollar rose against Japan's currency in the early trade, flirting with the 100-yen level after financial officials from the world's top economies refrained from criticising Japan's weakening of the yen through its monetary-policy programme.

Meanwhile, the Indian benchmark Sensex rose by 58 points, or 0.30 pct, to 19,074.29 in the late morning trade.

PTI



First Published: Monday, April 22, 2013, 10:24


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

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