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Rupee continues fall at Rs50.05 against US dollar

Rupee continues fall at Rs50.05 against US dollar
PTI
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First Published: Mon, Oct 27 2008. 09 43 AM IST
Updated: Mon, Oct 27 2008. 09 43 AM IST
Mumbai: The Indian currency continued its downward march and plunged to Rs50.05 against the greenback in early trade on Monday on heavy dollar demand from importers amid melting stock markets.
At the Interbank Foreign Exchange (Forex) market, the Indian currency, which closed at 49.95/96 on Friday, fell by 10 paise at Rs50.05 against the greenback.
The benchmark Sensex posted its second biggest single-day fall of nearly 1,100 points on relentless capital outflows on Friday, which also influenced the rupee movement.
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First Published: Mon, Oct 27 2008. 09 43 AM IST
More Topics: Indian Markets | Rupee | Market | Dollar | Trade |