Rupee trades at 54.91, down 15 paise

Posted By:
Subscribe to GoodReturns

Rupee trades at 54.91, down 15 paise
After witnessing rapid gains last week, the rupee is beginning to shed gains losing for a second consecutive session. The currency was trading at 54.91 against the dollar, down 13 paise over Monday's close.

Demand for dollar from oil importers continued unabated. Analysts expect the rupee to continue to weaken, despite strength in equities, as the rising trade and current account deficit would weigh.

Last week the rupee gained following a sharp surge in equities.

GoodReturns.in

Read more about: currency
Story first published: Tuesday, December 4, 2012, 10:12 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?