| Date: |
17-12-2013 |
| Subject: |
Rupee slips to 61.90 per dollar in early trade |
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Mumbai: The Indian rupee was trading weak against the dollar on early demand for the US currency from importers and banks after the uptick in the Indian currency on Monday.
At 9.08am, the local unit was trading at 61.9025, down 0.24% from its previous close of 61.75.
India’s equity benchmark BSE Sensex was trading at 20,732.44 points, up 0.35%.
On Monday, the rupee rose 0.61% helped by strong dollar sales by foreign banks likely on behalf of their clients.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.056, down 0.02% from its previous close of 80.074.
Wall Street indices ended higher ahead of the Federal Reserve meeting which will conclude on Wednesday and determine whether it will begin to slow the US stimulus programme.
The yield on India’s 10-year benchmark bond was trading at 8.866% compared with its Monday’s close of 8.85%.
Source : livemint.com
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