Rupee falls against US dollar due to importers' demand

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The Indian rupee fell against US dollar on Monday due to the pull-out of foreign capital from the equity market in the midst of the constant demand for dollar from banks and importers in spite of the weakness of the American currency globally. Rupee future for November 2011 contract fell as much as 0.32 paise to Rs. 51.7550 per dollar on the National Stock Exchange (NSE) at 12.08pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3514 per euro (USD depreciated by 0.007 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5738 per pound (USD appreciated by 0.26 per cent against GBP) at 12.14 PM today.

S&P CNX NIFTY, at NSE, traded at 4,842.65, down by 1.29 per cent, after opening at 4,873.80 against the previous closing of 4,905.80. It touched the intra-day low of 4,832.10 till the trading. (At 12.08 PM today).

At NSE, USDINR for November 2011 contract traded at Rs. 51.7550 per dollar, rupee depreciated by 0.32 paise, after opening at Rs. 51.5525 against the previous closing price of Rs.51.4275. It fell to Rs. 51.5200 per dollar with a business volume of 840426 lots till the trading. (At 12.08 PM today).

Read more about: dollar, futures, nse
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