Rupee falls 22 paise against dollar

Rupee falls 22 paise against dollar

Mumbai: The Indian rupee opened 10 paise weaker and fell further against the US dollar in early trade after reopening of the currency market on Friday, a day after the terror attacks shook the country’s financial capital.

At the Interbank Foreign Exchange (forex) market, the domestic unit, which rose by 45 paise to close at Rs49.50 on Wednesday, depreciated further by 22 paise to Rs49.72 against the greenback within minutes of trade, in the wake of terrorists attacks here.

Heavy demand for the US currency from importers also led to rupee’s depreciation.

According to sources, trading has commenced on MCX-SX for currency trading.