Rupee down 14 paise against dollar in early trade

Rupee down 14 paise against dollar in early trade
The rupee weakened by 14 paise to 59.92 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.

Forex dealers said though increased demand for the US currency from importers put pressure on the rupee but a higher opening in the domestic equity market and the dollar's rise against other currencies overseas, capped the losses.

Yesterday, the rupee strengthened by 23 paise to close at 59.78 against the US currency after exporters and some banks sold the US currency. Meanwhile, the benchmark BSE Sensex rose 78.30 points, or 0.31 per cent, to 25,660.41 in early trade today. Check currency rates here


Read more about: dollar, currency
Story first published: Wednesday, July 9, 2014, 9:56 [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?