TCSs Japan moment

TCSs Japan moment

Others would do well to emulate TCS' tie-up strategy.
Preparing for El Nio

Preparing for El Nio

Immediately, more oilseed/pulse imports and income stabilisation fund...

Rupee down 22 paise against US dollar in early trade

Comments 0
Rupee down 22 paise against US dollar in early trade. (Reuters) Rupee down 22 paise against US dollar in early trade. (Reuters)
SummaryRupee had ended six paise lower at 53.22 against the dollar in the previous session.

The rupee today depreciated by 22 paise to 53.44 against the US dollar in early trade on the Interbank Foreign Exchange on fresh demand for the US currency.

Forex dealers said strong foreign fund flows and dollar's gain against other currencies overseas, capped rupee's fall to some extent.

However, a higher opening in the equity market, covered the rupee's losses, they said.

The rupee had ended six paise lower at 53.22 against the dollar in the previous session due to sustained dollar demand after government estimates pegged current fiscal's GDP growth at a decade low of 5 per cent.

Meanwhile, the BSE benchmark Sensex rose by 51.70 points, or 0.26 per cent, to 19,632.02 in the early trade today.

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