Indian rupee down 15 paise against dollar in morning trade

Indian rupeeBesides dollar's gains against other currencies overseas, a weak opening in the domestic stock market put pressure on the rupee.

Extending its losses for the third straight day, the rupee fell by another 15 paise to 62.41 a dollar in early trade today on the Interbank Foreign Exchange market as the US currency strengthened overseas.

Forex dealers said besides dollar's gains against other currencies overseas, a weak opening in the domestic stock market put pressure on the rupee.

The domestic unit had lost 36 paise to close at one-month low of 62.26 against the US dollar in yesterday's trade on demand from importers, amid weak local equities.

Meanwhile, the benchmark BSE Sensex declined by 109.65 points, or 0.52 per cent, to 20,778.68.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus