For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

Rupee falls 8 paise against dollar

By
|
Google Oneindia News

Rupee-Dollar
Mumbai, Sept 25: The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange today following increased month-end demand for the American currency from importers.

Besides, dollar's gains against the euro in the overseas markets amid the increasing threat for another debt- restructuring in Greece also put pressure on the local unit, forex dealers said.

A higher opening in the stock market, however, restricted the rupee's losses, they added. The BSE benchmark Sensex recovered by 116.67 points, or 0.62 per cent, to 18,790.01 as power sector stocks rose after the government cleared proposal to restructure debt worth nearly Rs 2 lakh crore for state electricity boards.

The rupee had lost 2 paise to end at 53.47 against the dollar in yesterday's session on heavy month-end dollar demand from importers and weakness in equities.

PTI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X