Mumbai: The Indian rupee on Thursday plunged by 14
paise against the US currency in opening trade as stock
markets are expected to open on a weak note in line with other
Asian bourses amid some dollar demand from importers.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit fell by 14 paise at 47.66 a dollar in early
trade over the previous close of 47.52.
Forex dealers said local bourses may open weak in tandem
with other Asian equity markets, which are down up to 0.5 percent in morning trade, influenced the rupee sentiment.
Besides, dollar demand from importers also weighed on the
rupee, they said.
The Bombay Stock Exchange benchmark Sensex yesterday rose
nearly 73 points on buying by funds at heavy-weight counters
on sustained capital inflows.
Bureau Report
First Published: Thursday, August 06, 2009, 09:49