Rupee weakens to 54.40 against dollar in early trade
Quotes

Rupee weakens to 54.40 against dollar in early trade

Last Updated: Thursday, March 14, 2013, 10:19
 
 Comment 0
 
Rupee weakens to 54.40 against dollar in early trade
Mumbai: The rupee on Thursday weakened by 10 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.

Forex dealers said besides dollar's gains against other currencies overseas on strong US retail sales data, increased demand from oil importers for the American currency also put pressure on the rupee.

The rupee had lost 12 paise to close at 54.30 against the US dollar on Wednesday due to fall in local stock markets and renewed dollar demand.

Meanwhile, the BSE benchmark Sensex recovered by 46.29 points, or 0.24 percent, to 19,408.84 in early trade Thursday.

PTI


First Published: Thursday, March 14, 2013, 10:19


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