| Date: |
06-03-2012 |
| Subject: |
Rupee falls 17 paise vs US dollar |
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The rupee declined 17 paise to breach the 50.01 mark against the US dollar in early trade on the Interbank Foreign Exchange market, amid increasing demand from importers for the American currency and weak equity markets.
Traders said the increased demand for the US currency from importers and weak opening in the equity market put pressure on the rupee.
The rupee had dropped 34 paise to close at nearly 6-week low of 49.84/85 against the US currency on sustained dollar demand from importers amid weakness in equity markets in
yesterday's trade.
The BSE benchmark Sensex fell by 173.96 points, or 1.0 per cent, at 17,188.91 in opening trade.
Source : indianexpress.com
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