Rupee slips to 48.10 against dollar

Agencies
Posted: Wednesday, Jul 01, 2009 at 1143 hrs IST
Updated: Wednesday, Jul 01, 2009 at 1143 hrs IST

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Rupee trims fall as shares recover briefly Rupee appreciates to 46.46 a dollar Rupee slips to 46.63 against dollar Rupee weakens to 46.44 against dollar

Mumbai: The Indian rupee on Wednesday depreciated by 20 paise against the dollar in early trade on increased demand for the US currency from importers.

At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.10 a dollar, a loss of 20 paise over the previous close. The rupee closed at 47.90 a dollar against the greenback on Tuesday.

Marketmen said increased demand for dollar from importers put pressure on the rupee.

The US currency rose against other Asian currencies which also dampened the rupee sentiment, they added.

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