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.

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture