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This is an archive article published on August 2, 2012

Rupee down 25 paise vs US dollar

The rupee had strengthened by 18 paise to close at 55.47 against the US dollar.

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The rupee today lost 25 paise to 55.72 against the US dollar in early trade at the Interbank Foreign Exchange market as the American currency gained strength against other currencies overseas.

Forex dealers said besides dollar8217;s gains against euro in the overseas markets,a weak opening in the stock market also

put pressure on the local unit.

The rupee had strengthened by 18 paise to close at 55.47

against the US dollar yesterday on robust capital inflows in

the stock market and exporters selling the dollar.

Meanwhile,the BSE benchmark Sensex fell by 57.30 points,or 0.33 per cent,at 17,200.08 in early trade today.

 

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