Mumbai: Extending losses for the second day
the Indian rupee on Thursday depreciated by another 15 paise to
46.63 against the US currency in early trade largely on the
back of dollar's gains versus major currencies and Asian
units.
Expectations of more capital outflows by foreign funds as
equities may continue their slide for the third day in line
with other Asian markets also put pressure on the rupee.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit traded 15 paise down at 46.63 a dollar.
Yesterday, the rupee had ended 37 paise lower at 46.48/49
against the US currency.
Forex dealers said dollar's rise against other currencies
and heavy dollar buying by importers, particularly oil
refiners, weighed on the rupee sentiment.
Meanwhile, the benchmark Sensex lost over 315 points in
the past two trading sessions.
Bureau Report
First Published: Thursday, October 22, 2009, 10:44