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Rupee falls to Rs47.11 against US dollar in early trade

Rupee falls to Rs47.11 against US dollar in early trade
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First Published: Fri, Oct 03 2008. 10 18 AM IST
Updated: Fri, Oct 03 2008. 10 18 AM IST
PTI
Mumbai: The Indian rupee plunged by 49 paise to a five-year low of Rs47.11 against the US dollar in opening trade today following increased demand for the greenback from importers.
At the Interbank Foreign Exchange market (Forex), the domestic currency, which touched a five-year low of Rs47.25 on Wednesday but closed the day stronger by 34 paise at Rs46.62/63, depreciated by 49 paise to Rs47.11 against the greenback.
The currency market was closed yesterday on account of Gandhi Jayanti and Id-ur-Fitr.
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First Published: Fri, Oct 03 2008. 10 18 AM IST