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Rupee down by 3paise against US dollar

Rupee down by 3paise against US dollar
PTI
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First Published: Tue, Mar 08 2011. 09 22 AM IST
Updated: Tue, Mar 08 2011. 09 23 AM IST
Mumbai: The rupee fell by 3paise to Rs 45.07 per US dollar in early trade at the Interbank Foreign Exchange on Tuesday, weighed down by gains registered by the American currency against other Asian rivals.
However, a higher opening in the stock market capped the losses.
The rupee ended 6paise lower at 45.04/05 per US dollar in the previous session due to mild dollar demand from importers amid weak equity markets.
Forex dealers said a mixed trend in other Asian currencies and a halt in the euro’s overnight rally against the dollar put some pressure on the rupee, but a higher opening in the stock market restricted the losses.
Meanwhile, the Bombay Stock Exchange benchmark Sensex gained 116.93 points, or 0.64%, to 18,339.60 in opening trade on Tuesday.
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First Published: Tue, Mar 08 2011. 09 22 AM IST
More Topics: Markets | Rupee | Currency | Asia | BSE |