Rupee down 7 paise against dollar

Tags: Rupee, News
Falling for the fourth straight day, the rupee today weakened by 7 paise to Rs 59.22 per dollar in early trade on the Interbank Foreign Exchange market, weighed down by dollar's gains against other currencies.

Forex dealers said besides dollar's gains against other currencies overseas, increased demand for the American currency from importers put pressure on the rupee.

They said, however, a higher opening in the domestic equity market ahead of RBI policy meeting capped the rupee's losses.

The rupee had lost 4 paise to close at 59.15 against the US dollar in yesterday's trade due to sustained demand for the US currency from importers, amid firm dollar overseas.

Meanwhile, the benchmark BSE Sensex rose by 70.89 points, or 0.29 per cent, to 24,755.74 in early trade today.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must follow China on its path to the future

    There are many theories, real and imagined, doing the rounds in the national and international media about Barack Obama’s overtures to ‘rebalance

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Building great cities (and nations)

Fifteen to twenty years’ span is the time when humans ...

Rajgopal Nidamboor

The essence of amplified action

It is something that ‘separates’ us from other living creatures. ...

Shona Adhikari

All roads lead to Delhi, as it gears up for art fair

With the seventh edition of India Art Fair (IAF) coming ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture