Premium
This is an archive article published on March 6, 2009

Rupee weakens to 51.85 against dollar

Rupee edged lower in early trade on Friday pulled down by losses in regional stock markets.

google-preferred-btn

The rupee edged lower in early trade on Friday pulled down by losses in regional stock markets,but a weak dollar overseas and caution over possible Reserve Bank of Indias intervention prevented a sharp fall.

At 9:05 a.m. the partially convertible rupee was at 51.85/87 per dollar,weaker than its pervious close of 51.76/78. On Tuesday,the rupee had hit a record low of 52.20.

Asian share markets were lower in early trade. At 0335 GMT the Hang Seng was down 1.1 per cent,the Nikkei was down nearly 3 per cent,Kospi shed 0.9 per cent and the Shanghai Composite Index was down 1.4 per cent.

The Singapore Nifty was trading down more than 1 per cent,indicating a lower start in the domestic market.

The dollar slipped against the euro and most other major currencies on Friday as investors braced for a US jobs report,trimming gains made the previous day on its perceived safety after US shares fell.

Asian currencies were mostly higher against the dollar.

 

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
Vijay_c70058
Did Vijay, summoned by CBI, walk into a trap of his own making?
The Municipal Corporation of Delhi (MCD) carried out a demolition drive at the encroached area in the vicinity of Faiz-e-Elahi Masjid, Turkman Gate, near Ramlila Maidan
What is at the heart of the dispute over the Faiz-e-Ilahi mosque in Delhi?
Vicky Kaushal and Katrina Kaif
Vicky Kaushal and Katrina Kaif name their son Vihaan, share first pic: 'Our Ray of Light'
Elnaaz Nourouzi
Bollywood actor fled Iran, lived in refugee camp, stood in line for food; speaks 7 languages: 'I can program robots'
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
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
India (IND U19) vs South Africa (SA U19) 3rd Youth ODI Live: Catch updates from the third match in Benoni today. (BCCI)
LIVE Cricket Score, India vs South Africa U19 3rd ODI
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
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)
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
Advertisement
Must Read
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)
LIVE Cricket Score, India vs South Africa U19 3rd ODI
India (IND U19) vs South Africa (SA U19) 3rd Youth ODI Live: Catch updates from the third match in Benoni today. (BCCI)
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)
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)
CES 2026: LEGO introduces Smart Bricks that react, glow, and play sounds
Lego's new Smart Bricks will first appear in three all-in-one Star Wars sets, each with a varying number of pieces ranging from 473 to 962,
‘In 2026, ChatGPT will evolve into a personal superassistant’: OpenAI’s Fidji Simo
Fidji Simo, OpenAI's new chief of applications.
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