Rupee Down 11 Paise Against Dollar in Early Trade

Published: 16th January 2015 09:52 AM  |   Last Updated: 16th January 2015 09:52 AM   |  A+A-


MUMBAI: The rupee fell by 11 paise to 62.17 against the dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.       

Dealers attributed the domestic currency's fall to dollar's gains against other currencies overseas and a lower opening in the domestic equity market.   

The rupee had gained 12 paise to close at 62.06 after hitting a two-month high of 61.47 against the dollar in yesterday's trade amid a rally in stock markets following RBI's 25 basis points rate cut.           

Meanwhile, the benchmark BSE Sensex was down by 120.18 points, or 0.43 per cent, at 27,955.37 in early trade today.   

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp