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Rupee falls against US dollar

By Religare

The Indian rupee depreciated by 0.53 paise to Rs 61.8450 against the US dollar on Friday as a result of good demand for the US currency from banks and importers in view of sharp fall in the domestic equity market. Sentiment weakened further as Reserve Bank of India (RBI) measures to tighten capital outflows and curb gold imports failed to prop up the local unit. At MCXSX, USDINR for August 2013 contract traded at Rs. 61.8450 per dollar, rupee depreciated by 0.53 paise, after opening at Rs. 61.4800 against the previous closing price of Rs. 61.5175. Rupee declined to Rs. 62.1800 per dollar with a business volume of 941854 lots till the trading. (At 12.42 PM today).


At the Chicago Mercantile Exchange (CME), EURUSD future for September 2013 contract traded at US$1.3340 per euro (USD appreciated by 0.11 per cent against EUR) and GBPUSD future for September 2013 contract traded at US$1.5632 per pound (USD appreciated by 0.09 per cent against GBP) at 12.40 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,589.30, down by 2.66 per cent, after opening at 5,705.45 against the previous closing of 5,742.30. It touched the intra-day low of 5,558.60 till the trading. (At 12.39 PM today).

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Story first published: Friday, August 16, 2013, 22:50 [IST]
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