| Date: |
03-06-2011 |
| Subject: |
Rupee Down 3 Paise Against US Dollar In Early Trade |
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Snapping a six-session rising streak, the Indian rupee eased marginally by 3 paise to Rs 44.85 against the US dollar in early trade on the Interbank Foreign Exchange on Friday, despite the higher opening in the stock market.
Forex dealers said the strengthening of the dollar against some currencies overseas mainly put pressure on the rupee, but the higher opening in the stock market restricted the losses.
The rupee ended 2 paise higher at Rs 44.82/83 against the American currency in the previous session following late sale of the greenback.
Meanwhile, the Bombay Stock Exchange benchmark Sensex recovered by 133.73 points, or 0.72 per cent, to 18,627.91 in opening trade on Friday.
Source : businesstoday.intoday.in
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