Rupee down by 11 paise against US dollar in early trade

Written by: Pti
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Graph
Interbank Rupee rate Vs US Dollar
64.491 United States Dollar
Interbank Rupee rate Vs Euro
72.190 Euro
Interbank Rupee rate Vs British Pound
82.032 British Pound Sterling
Interbank Rupee rate Vs Japanese Yen
0.578 Japanese Yen
Interbank Rupee rate Vs Singapore Dollar
46.496 Singapore Dollar
Mumbai, Dec 20: The Indian rupee fell by 11 paise to Rs 52.97 per US dollar in early trade on the Interbank Foreign Exchange today (Dec 20) amid increased demand for the American currency from importers and strengthening of the dollar against the euro overseas.

However, a higher opening in the equity market capped the rupee losses. Dealers said apart from dollar gains against the euro -- which dipped to a 11-month low amid a debt crisis in the common currency region -- increased demand for the dollar from importers mainly weighed on the rupee sentiment. However, a higher opening in the equity market limited the losses.

The rupee had lost 16 paise to close at Rs 52.86/87 against the US dollar in the previous session due to fresh demand for the American currency from importers amid weak stock markets. The BSE benchmark Sensex recovered by 68.79 points, or 0.44 per cent, to 15,448.13 in opening trade today.

PTI

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