| Date: |
15-11-2010 |
| Subject: |
Rupee Down 19 Paise Against US Dollar |
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Rupee depreciated by 19 paise to trade at an almost six-week low of Rs 44.99 against the US dollar in the early trade today at the Interbank Foreign Exchange, as the greenback firmed up against major currencies.
Dollar demand from importers and weak sentiment in the stock markets also weighed heavy on the rupee.
Forex traders said weakness in other currencies against the dollar and a lower opening on domestic bourses mainly put pressure on the rupee.
Rupee ended with a steep fall of 49 paise at Rs 44.80/81 against the dollar in the previous session on Friday following sluggish equities amid a good demand for the US currency.
Meanwhile, the BSE benchmark Sensex fell by 50 points to 20,106.89 in the opening trade
Source : outlookindia.com
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