Rupee slips 14 paise against dollar

Rupee slips 14 paise against dollar
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First Published: Tue, May 20 2008. 11 54 AM IST
Updated: Tue, May 20 2008. 11 54 AM IST
PTI
Mumbai: After a brief pause, the Indian rupee today declined by 14 paise to 42.68/69 against the greenback due to sluggish trend in Asian equity markets.
In quite trade at the Interbank Foreign Exchange (Forex) market, the local currency resumed lower at 42.59/61 against previous close of 42.54/55 and dropped further to quote at 42.68/69 a dollar in late morning deals.
Dealers attributed fall in the rupee to bearish equity markets, where the benchmark Sensex was down by 134 points at 10.30 am.
Expectations of slow down in capital inflows due to sustained rise in inflation and rising global crude oil prices above $127 a barrel mainly weighed on the rupee sentiment.
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First Published: Tue, May 20 2008. 11 54 AM IST