Rupee falls by 7 paise against US dollar in trade

Mumbai: The rupee depreciated by 7 paise to 45.25 per US dollar in early trade at the Interbank Foreign Exchange on Friday, weighed down by dollar gains against other Asian currencies and a weak start in the stock market. Forex traders said that dollar gains against other Asian currencies and a weak opening in the […]

Odishatv Bureau
  • Published: Friday, 11 March 2011
  • Last updated: 11 March 2011, 12:23 PM IST

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Mumbai: The rupee depreciated by 7 paise to 45.25 per US dollar in early trade at the Interbank Foreign Exchange on Friday, weighed down by dollar gains against other Asian currencies and a weak start in the stock market.

Forex traders said that dollar gains against other Asian currencies and a weak opening in the stock market mainly put pressure on the rupee.

The rupee fell by 18 paise to close at a one-week low of 45.18/19 yesterday amid weak equities and dollar firmness overseas.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 127.61 points, or 0.69 per cent, to 18,200.37 in early trade.

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