Rupee down 37 paise on stock worries

Rupee down 37 paise on stock worries
PTI
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First Published: Wed, Nov 12 2008. 09 32 AM IST
Updated: Wed, Nov 12 2008. 09 32 AM IST
Mumbai: The Indian rupee on Wednesday fell by 37 paise against the greenback in early trade on heavy dollar buying by banks and pick-up in demand from importers amid weak Asian equity markets.
At the Interbank Foreign Exchange (forex) market, the domestic unit, which plunged 73 paise on Tuesday, depreciated by another 37 paise at Rs48.48 against the US currency.
Meanwhile, the Indian benchmark BSE Sensex closed over 696.47 points, or 6.61% down on Tuesday.
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First Published: Wed, Nov 12 2008. 09 32 AM IST
More Topics: Rupee | Currency | India Markets | Dollar | Trade |