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Rupee down 29 paise against dollar in early trade

Rupee down 29 paise against dollar in early trade
PTI
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First Published: Tue, Nov 18 2008. 09 49 AM IST
Updated: Tue, Nov 18 2008. 09 49 AM IST
Mumbai: Rupee today fell by 29 paise against the greenback in early trade on heavy demand for dollar from importers amid weak Asian equity markets.
At the Interbank Foreign Exchange (forex) market, the domestic unit, which lost 33 paise to Rs49./35 yesterday, depreciated by another 29 paise at Rs49.63 against the US currency.
Forex dealers said that there was persistent demand for dollar from oil companies and some importers put pressure on the rupee.
Meanwhile, the Indian benchmark Sensex fell by 94.41 points to close at 9,291.01 yesterday.
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First Published: Tue, Nov 18 2008. 09 49 AM IST
More Topics: Rupee | Paise | Trade | Dollar | Asian equity markets |