Rupee weakens 19 paise against dollar

Business

oi-Sneha

By Sneha B K

Published: Thursday, February 9, 2012, 11:44 [IST]

The partially convertible Indian Rupee fell by 19 paise on Thursday against US dollar on the Interbank Foreign Exchange.

Indian equities also edged lower, tracking the similar global trend. The outflow of foreign funds and dollar strengthening over its overseas rivals is making Indian rupee weak.

The Indian rupee opened at 49.19 per dollar versus 49.15 yesterday. At 11.35 am IST, rupee was seen trading at 49.26 down by 11 paise.

Meanwhile, the BSE was seen trading higher at 17,663.20 down by 44.12 points or 0.25% and the 50-share NSE was at 5,358.85 down by 9.30 points or 0.17%.

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