Rupee down 2 paise against US dollar in early trade

Rupee down 2 paise against US dollar in early trade
PTI
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First Published: Fri, Dec 24 2010. 09 41 AM IST
Updated: Fri, Dec 24 2010. 09 41 AM IST
Mumbai: The Indian rupee fell by 2 paise to Rs45.18 against the US dollar in early trade at the Interbank Foreign Exchange on Friday, tracking weakness in other Asian currencies.
Month-end demand from importers for the American currency and a weak opening in the stock market also weighed on the Indian rupee.
Forex dealers said dollar gains against other Asian currencies and month-end demand for the American currency from importers also put pressure on the Indian rupee.
The rupee had ended 7 paise lower at Rs45.16/17 against the US dollar in yesterday’s session.
Meanwhile, the Bombay Stock Exchange (BSE) benchmark Sensex fell by 102.52 points to 19,880.36 in opening trade today.
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First Published: Fri, Dec 24 2010. 09 41 AM IST