​​​
  1. Indian rupee down 25 paise against US dollar

Indian rupee down 25 paise against US dollar

The rupee weakened further by 25 paise to trade at a fresh two-month low of Rs 62.80 against the US dollar in early trade today at the Interbank Foreign Exchange...

By: | Mumbai | Updated: March 10, 2015 1:47 PM
rupee, indian rupee, us dollar, indian rupee us dollar, indian rupee vs us dollar, india currency, indian currency, business news

The rupee weakened further by 25 paise to trade at a fresh two-month low of Rs 62.80 against the US dollar. PTI

The rupee weakened further by 25 paise to trade at a fresh two-month low of Rs 62.80 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the greenback’s value against other currencies overseas.

Dealers attributed the fall in rupee to dollar’s gains against other currencies overseas and a lower opening in the domestic equity market.

Besides, increased demand for the American currency from importers too weighed on the rupee, they said.

The Indian rupee had lost 39 paise to close at a two-month low of 62.55 against the American currency yesterday after better-than-expected jobs data spurred expectations of an early hike in US interest rates.

Meanwhile, The benchmark BSE Sensex fell by 34.84 points, or 0.12 per cent, to 28,809.94 in early trade today.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top