Rupee down by 22 paise on fresh dollar demand
Fresh dollar demand from importers mainly oil refiners and some banks affected the rupee value against the dollar, a dealer said. "Rupee traded weak, mainly taking cues from global markets where dollar traded strong against the major currencies, mainly against euro," Alpari Financial Services (India) CEO Pramit Brahmbhatt said.
In New York, the euro slipped against the dollar on Wednesday, paring deeper losses following the European Central Bank announcement that its first longer-term lending operation garnered strong demand. The BSE Sensex rose by 128.15 points or 0.82 per cent from its previous close.