Rupee down 12 paise Vs US dollar in early trade
PTI: Mumbai, Feb 12 2013, 09:54 IST
The rupee today fell by 12 paise to 53.97 against the dollar in early trade, extending losses for the fifth straight session at the Interbank Foreign Exchange (Forex) market due to sustained demand for the US currency from importers.
Forex dealers said besides increased demand for the US dollar from importers, RBI concerns that the country's current account deficit is headed to its highest ever this fiscal, also put pressure on the rupee.
The domestic currency had lost 35 paise to end at nearly two-week low level of 53.85 in yesterday's trade.
Meanwhile, the BSE benchmark index Sensex recovered by 50.20 points, or 0.26 per cent, to 19,510.77 in early trade today
Previous Story Preview: India industrial output slump likely over, edged up in December Next Story BSE Sensex rise 50 points on hopes of better IIP data
Reader's Comments| Post a Comment
Be the first to comment.
