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Rupee weakens against US currency in early tradev
The rupee weakened against the US currency early Thursday on renewed steady dollar demand after its overnight rally.
The rupee weakened against the US
currency early Thursday on renewed steady dollar demand after its
overnight rally.
In moderarte active but cautious trade at the Interbank Foreign Exchange (Forex) market in Mumbai on Thursday morning, the rupee opened lower at Rs 45.64/66 and eased further to currently trade at Rs 45.65/67. The rupee rallied on Wednesday to close at Rs 45.62/63 after dipping to early Intraday record lows of Rs 45.77/80.
“Genuine dollar demand from corporate and importers will continue to exert pressure on the rupee but the pace of the Indian currency's fall will be slow,” a dealer said.
Elsewhere, in cross currency trades, the Euro was quoted at Rs 41.15/18, pound sterling at Rs 68.52/55 and Japanese Yen (100) at Rs 42.39/41.
In moderarte active but cautious trade at the Interbank Foreign Exchange (Forex) market in Mumbai on Thursday morning, the rupee opened lower at Rs 45.64/66 and eased further to currently trade at Rs 45.65/67. The rupee rallied on Wednesday to close at Rs 45.62/63 after dipping to early Intraday record lows of Rs 45.77/80.
“Genuine dollar demand from corporate and importers will continue to exert pressure on the rupee but the pace of the Indian currency's fall will be slow,” a dealer said.
Elsewhere, in cross currency trades, the Euro was quoted at Rs 41.15/18, pound sterling at Rs 68.52/55 and Japanese Yen (100) at Rs 42.39/41.