STOCK MARKET BSE NSE

Rupee down 11 Paise against Dollar in Early Trade Today

Published: 10th April 2014 10:16 AM  |   Last Updated: 10th April 2014 10:16 AM   |  A+A-

By PTI

The rupee declined by 11 paise to 60.25 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.

Besides, fresh demand for the US dollar from importers also put pressure on the rupee.

The local unit had lost 3 paise lower at 60.14 against the dollar yesterday due to late demand for the US currency from importers.

Dealers attributed the fall in the rupee today to dollar's gains against other currencies overseas but a higher opening in the domestic equity market capped the fall.

Meanwhile, the benchmark BSE Sensex rose by 66.86 points, or 0.29 per cent, to 22,769.20 in early trade today.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

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 newindianexpress.com 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 newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com 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. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp