Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Rupee down 15 paise against US dollar

Dec 04 2012, 10:10 IST
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SummaryThe rupee fell by 15 paise to 54.92 against the dollar in early trade.

The rupee fell by 15 paise to 54.92 against the dollar in early trade today at the Interbank Foreign Exchange on increased demand for the American currency from oil importers and some banks.

Besides, euro's weakness against the US dollar overseas, a lower opening in the domestic equity market also put pressure on the rupee, forex dealers said. Meanwhile, the BSE benchmark Sensex fell by 31.29 points, or 0.16 per cent, to 19,274.03.

The rupee had lost 51 paise to end at 54.77 against the dollar in the previous session on strong demand for the American currency.

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