| Date: |
22-10-2013 |
| Subject: |
Rupee opens at 61.77 vs US dollar, down 25 paise |
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Monday: The rupee on Tuesday opened at 61.77 against US dollar, down 25 paise. It fell on Monday amid volatility in the stock markets, dropping 25 paise to 61.52 against the dollar on persistent demand from importers and banks as the US currency strengthened overseas.
The rupee opened at 61.35 per dollar as against the previous close of 61.27 at the interbank foreign exchange market on Monday. It dropped further to 61.58 before ending at 61.52, a loss of 25 paise or 0.41 per cent.
"It was a mixed session as the rupee was seen weakening on sustained dollar demand from importers and banks amid volatility in equity markets. On the other hand, consistent buying by FIIs helped the rupee to restrict losses," said Abhishek Goenka, CEO of India Forex Advisors.
Source : ibnlive.in.com
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