Indian rupee down 8 paise to 59.37 against US dollar

Jun 11 2014, 09:51 IST
Comments 0
Indian rupee had lost nine paise to close at 59.29 against the dollar on Friday. Indian rupee had lost nine paise to close at 59.29 against the dollar on Friday.
SummaryThe rupee had lost nine paise to close at 59.29 against the dollar yesterday.

The rupee weakened by eight paise to trade at 59.37 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Forex dealers said the dollar's gain against the euro overseas also put pressure on the rupee.

However, a higher opening at the domestic equity market limited the fall, they added.

The rupee had lost nine paise to close at 59.29 against the dollar yesterday on sustained demand for the US currency from importers.

Ads by Google

More from BANKING & FINANCE

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...