Rupee down 14 paise against American dollar in opening trade


The rupee declined by 14 paise to Rs 54.36 per dollar in early trade on the Interbank Foreign Exchange market today, weighed down by dollar's gains against other currency rivals.

Forex dealers said besides dollar gains against other Asian currencies, a higher opening in the stock market amid foreign fund outflows put pressure on the rupee. The rupee had lost 30 paise to 54.22 against the US dollar in Friday trade due to renewed dollar demand and firm global cues.

Meanwhile, the BSE benchmark Sensex higher by 32.80 points, or 0.16 per cent, to 19,500.95.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.