Indian rupee slides against US dollar for 5th day to 2-month low

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Indian rupee had depreciated by 77 paise to close at an almost two month low of 63.24 against US dollar on Monday. (AP) Indian rupee had depreciated by 77 paise to close at an almost two month low of 63.24 against US dollar on Monday. (AP)
SummaryIndian rupee opened lower at 63.47 to US dollar from its previous close of 63.24.

The Indian rupee fell against the US dollar for the fifth consecutive day, slipping another 28 paise to 63.52 in early trade amid demand for the US currency even as capital flows continued into domestic stocks.

The Indian rupee opened at 63.35 per dollar against the previous close of 63.24 at the interbank foreign exchange market and dropped further to 63.52 at 1035hrs.

In New York, the euro strengthened against the US dollar yesterday amid concerns in the market about the impact of the European Central Bank's rate cut last week. The dollar gained against other major rivals.

The BSE Sensex moved up 11 points to 20,501.49 at 1040hrs.

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