Rupee Drops 6 Paise Against Dollar in Early Trade

Published: 11th March 2015 10:16 AM  |   Last Updated: 11th March 2015 10:16 AM   |  A+A-


MUMBAI:  The rupee fell by six paise to a fresh two-month low of 62.82 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the Greenback's value against other global currencies.

Forex dealers attributed the fall in the rupee to the dollar's strength against other global currencies and sustained capital outflows but a higher opening in the domestic stock market capped the rupee's fall.

The rupee had lost 21 paise to end at two-month low of 62.76 against the dollar in yesterday's trade on sustained dollar demand from importers amid rate hike concerns by the US Federal Reserve.

Meanwhile, the benchmark BSE Sensex recovered by 82.15 points, or 0.29 per cent to 28,792.02 in early trade today.


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