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This is an archive article published on February 7, 2011

Rupee eases to 45.59/60 against dollar

Rupee failed to maintain initial gains and was trading flat at Rs 45.59/60 against the US dollar in early trade.

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The Indian rupee failed to maintain initial gains and was trading flat at Rs 45.59/60 against the US dollar in early trade on the Interbank Foreign Exchange on Monday amid mild dollar demand from banks and corporates.

The domestic unit opened lower at 45.61/62 per dollar as against last weekend8217;s close of 45.59/60 per dollar,but firmed up immediately to 45.53 per dollar.

However,it failed to maintain the initial gains and was ruling steady at Rs 45.59/60 per dollar after moving in a tight range between Rs 45.53 and Rs 45.62 per dollar in morning deals.

The dollar extended its gains in the New York market last Friday following a mixed US jobs report that showed a decline in unemployment picture,but disappointing growth in payrolls.

Meanwhile,the Indian benchmark Sensex was trading higher by 49 points,or 0.27 per cent,in early trade on Monday.

 

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