| Date: |
23-11-2012 |
| Subject: |
Rupee marginally down against dollar in early trade |
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Indian rupee declined against the greenback in morning trade on Friday. Rupee was marginally down by 1 paise or 0.03% against USD to Rs 55.24 compared to previous close of 55.22 (09.25 a.m.).
In the spot market, the Dollar Index decreased 0.07% to 80.64 (22:43 ET).
Euro - USD was trading at 1.28 up 0.02% while USD - Japanese Yen was trading at 82.24 down 0.27% (22:53 ET).
''Intraday appreciation is possible; 54.80 forms a good support level to arrest any major appreciation. Upside is limited to 55.40/55,50. Overall trend remains firm unless prices break below 54.70,'' said Emkay Global Financial Services.
At 09.25 a.m, the Sensex was trading up 20.80 points or 0.11% at 18,538.14 with 18 components gaining. Meanwhile, the Nifty was trading higher by 3.95 points or 0.07% at 5,631.70 with 29 components gaining.
Source : myiris.com
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