Rupee down 25 paise against dollar

The rupee fell by 25 paise to Rs 50.97 against the American currency on the Interbank Foreign Exchange in early trade today,weighed down by dollar's gains against other currencies overseas.

Written by Agencies | Mumbai | Published: April 4, 2012 10:09 am

The rupee fell by 25 paise to Rs 50.97 against the American currency on the Interbank Foreign Exchange in early trade today,weighed down by dollar’s gains against other currencies overseas.

Dealers said besides dollar’s gains against the euro and other Asian currencies overseas,a weak opening in the stock market also put pressure on the rupee.

The rupee had ended higher by 15 paise at 50.72/73 against the dollar in the previous session amid signs of fresh capital inflows.

Meanwhile,the BSE benchmark Sensex declined by 103.91 points,or 0.59 per cent,at 17,493.51 in early trade.

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