Indian Rupee loses against US Dollar

Published: Tuesday, October 4, 2011, 11:30 [IST]

The Indian currency fell in domestic trade against US Dollar on Tuesday over the weak euro zone. US Dollar is rising against the basket of major currencies.

Europe turned gloomy over the news from Greece as the debt ridden Greek economy may slip from its budget deficit targets set by the European Union and the International Monetary Fund, as per the government budget draft released on Sunday.

All these grim news from Eurozone aided US Dollar to rise against all major currencies.

In the domestic currency futures market on the NSE, the Indian Rupee opened at 49.66, low from the previous close of 49.39 and was seen trading at 49.45 around 11:25 am IST.

The Indian Rupee rose against Euro in domestic trade, it opened at high at 65.64, against the previous close of 65.99 and was trading at 65.31/33 same time.

Euro lost its ground against major currencies of the world on Tuesday.

GoodReturns.in

Story first published: Tuesday, October 4, 2011, 11:30 [IST]