| Date: |
22-09-2011 |
| Subject: |
Rupee Down 41 Paise At Fresh 2-yr Low Against US Dollar |
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Mumbai: The Indian rupee fell by 41 paise to an over two-year low of Rs 48.74 against the US dollar in early trade on the Interbank Foreign Exchange Thursday after the American currency strengthened against other major rivals overseas.
Dealers said apart from dollar gains against major rivals overseas, weakness in the domestic equity market and sustained dollar demand from importers also put pressure on the Indian rupee.
Yesterday, the rupee fell by 28 paise to close at a fresh two-year low of 48.33/34 against the US currency on strong dollar demand from importers and some banks.
Meanwhile, the BSE benchmark Sensex fell by 299.62 points, or 1.75 percent, to 16,765.53 in opening trade Thursday.
Source : zeenews.india.com
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