| Date: |
29-05-2013 |
| Subject: |
Indian rupee falls past 56 to hit over 9-1/2 month low |
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Mumbai: The Indian rupee fell to 56.15/16 per dollar versus its Tuesday close of 55.9550/9650, tracking losses in domestic share market and broad gains in the dollar versus other Asian currencies.
The rupee hit 56.18 in opening deals, its lowest since 8 August 2012.
Dealers say month-end dollar demand from oil companies and other importers is likely to drag the rupee further.
The equity benchmark Sensex was down 0.3% in early trade.
The dollar gained broadly in early Asian trade on Wednesday after robust economic data boosted treasury yields and raised expectations that the Fed may make an early exit from its easing scheme, making the greenback more attractive.
The index of the dollar against six major currencies was up 0.2%.
Source : livemint.com
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