Premium
This is an archive article published on December 9, 2011

Rupee loses 56 paise against US dollar

Strong dollar overseas fuelled sustained demand of American currency by banks and importers.

google-preferred-btn

The Indian rupee fell by 56 paise to Rs 52.31 per US dollar in early trade today on sustained demand for the American currency from banks and importers on the back of a strong dollar overseas.

The rupee resumed lower at Rs 52.25/26 per dollar on the Interbank Foreign Exchange,as against its previous close of Rs 51.75/76 per dollar,and moved down further to Rs 52.31 per dollar before quoting at Rs 52.19/20 per dollar at 1030 hours.

Sustained dollar demand from banks and importers in view of the rising dollar in overseas markets was the main reason behind the fall in the rupee value,a forex dealer said.

In the New York market,the euro fell against the US dollar yesterday after the European Central Bank8217;s chief dashed hopes that the central bank would immediately expand its bond purchase programme to help distressed European countries.

Meanwhile,the BSE benchmark Sensex was down by 221 points in early trade today.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
us russia veneuzela vessel
LIVE: Russia draws red line after US seizes Venezuela-linked oil tanker
Students coming out of college after administration called off classes on Wednesday
Chorus on Vaishno Devi medical college after MBBS course is spiked: Farce by NMC, influenced by politics
Vicky Kaushal and Katrina Kaif
Vicky Kaushal and Katrina Kaif name their son Vihaan, share first pic: 'Our Ray of Light'
While Vijay-starrer Jana Nayagan is facing resistance solely from the CBFC, Mersal encountered objections from various quarters, with political parties and even a section of the IMA raising concerns over the movie's content.
Before Jana Nayagan, Vijay had Mersal — the movie mired in controversy over its critical take on GST, medical malpractice and Digital India
The YouTube channel boasts over 111,000 subscribers and more than 150 million views
YouTube channel mints $1 million with just one video in 9 years—of a fireplace burning for 10 hours
bengaluru couple yeary expense
Bengaluru creator couple’s Rs 47 lakh annual expense breakdown stuns internet; Rs 29 lakh spent only on travel
Hyderabad batter Aman Rao. (Photo: PTI)
How US-born Aman Rao returned home to pursue cricket dreams, relinquished US passport and became a batting sensation
While the ICC hasn’t made any official comment on the issue, it is understood that they held an internal meeting on Tuesday and then conveyed their decision to Bangladesh (BCB)
Bangladesh leaves door open, might travel to India for T20 World Cup
The current election campaign also brings out another facet of Maharashtra's current political picture.
No red lines, and a political free-for-all in Maharashtra civic polls
Maduro
What is the legal case against Maduro — and why has he claimed to be a ‘prisoner of war’?
pregnancy
Why pregnancy acts as a ‘physiologic stress test’ for a women's heart
These weird gadgets turned heads at CES 2026. (Image Source: AP)
These are the weirdest gadgets (so far) that turned heads at CES 2026
Advertisement
Must Read
How US-born Aman Rao returned home to pursue cricket dreams, relinquished US passport and became a batting sensation
Hyderabad batter Aman Rao. (Photo: PTI)
Bangladesh leaves door open, might travel to India for T20 World Cup
While the ICC hasn’t made any official comment on the issue, it is understood that they held an internal meeting on Tuesday and then conveyed their decision to Bangladesh (BCB)
The story of Mustafizur Rahman, the Bangladeshi pacer caught in a political storm
Mustafizur Rahman barely wooed controversies, was the darling of volatile press folk of his country, so much so that they followed him to cover IPL games, and a poster boy back home. (AP Photo)
These are the weirdest gadgets (so far) that turned heads at CES 2026
These weird gadgets turned heads at CES 2026. (Image Source: AP)
I tried Samsung’s Galaxy Z TriFold at the world’s biggest tech show in Las Vegas, and here’s what it’s like to use
Samsung Galaxy Z TriFold First Look: In hand, the Galaxy Z Tri Fold feels more like a futuristic hybrid than a conventional smartphone, blurring the line between phone, tablet, and PC. (Image: Anuj Bhatia/The Indian Express)
India, France, Germany: List of nations cracking down on xAI’s Grok over deepfake abuse
grok
Why pregnancy acts as a ‘physiologic stress test’ for a women's heart
pregnancy
Advertisement
Buzzing Now
YouTube channel mints $1 million with just one video in 9 years—of a fireplace burning for 10 hours
The YouTube channel boasts over 111,000 subscribers and more than 150 million views
Bengaluru creator couple’s Rs 47 lakh annual expense breakdown stuns internet; Rs 29 lakh spent only on travel
bengaluru couple yeary expense
Pakistani women groove to 'Dhurandhar' track 'Shararat' at wedding; internet reacts to viral video: ‘Obsession is real’
Pakistani women shararat dance Dhurandhar
Man rides a horse through Target store, it defecates all over: video viral on X
The situation escalated when the horse defecated several times on the store’s floor
This 23-year-old Bengaluru entrepreneur is spending thousands to become the 'Bryan Johnson of India'
Bryan Johnson of India
Jan 07: Latest News
Advertisement