Indian rupee down 14 paise against US dollar in early trade

Apr 03 2013, 10:17 IST
Comments 0
US dollar, Indian Rupee likely up, Asian stocks, FX lower US dollar, Indian Rupee likely up, Asian stocks, FX lower
SummaryIndian rupee had gained three paise to close at 54.26 yesterday in line with strong local equities.

India rupee today lost 14 paise to 54.40 against the dollar in early trade on the Interbank Foreign Exchange due to strengthening of the US currency overseas.

Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas boosted by solid US economic data and a bleak outlook for the troubled euro-zone.

Besides, a lower opening in the stock market also put pressure on the rupee, they said.

The rupee had gained three paise to close at 54.26 yesterday in line with strong local equities amid some dollar selling by exporters.

Meanwhile, the BSE benchmark Sensex fell by 66.26 points, or 0.34 per cent, at 18,974.69 in early trade today.

Ads by Google

More from BANKING & FINANCE

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...