Premium
This is an archive article published on July 16, 2010

Rupee weakens in early trade

Rupee depreciated by 10 paise against the dollar in early trade,tracking mixed trend in Asian currencies.

The Indian rupee depreciated by 10 paise against the dollar in early trade,tracking mixed trend in Asian currencies.

However,flat to better trend on the stock market in early trade,capped losses.

At the Interbank Foreign Exchange market,the domestic unit was quoted 10 paise lower at 46.70 a dollar in early trade. The rupee had closed higher by 9 paise at 46.60/61 a dollar in yesterday8217;s trade.

Forex dealers said mixed trend in Asian currencies against the US dollar put pressure on the Indian rupee but steady to better trend in equities,restricted losses.

The Bombay Stock Exchange index,Sensex,rose by 40.85 points,or 0.22 per cent,to 17,950.31 points in the opening trade.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement