Rupee declines 7 paise against dollar in early trade
At the Interbank Foreign Exchange, the domestic unit tumbled by 57 paise to end at Rs 49.26/27 per dollar in the previous session amid weak stocks and a strong dollar overseas.
Dealers said weakness of euro against the dollar overseas on fresh fears over the European debt crisis after Greece announced a referendum on its latest bailout deal, besides and a lower opening in the domestic stock market, put pressure on the rupee. Meanwhile, the BSE Sensex Index fell by 92.09 points, or 0.53 per cent, to 17,388.74 in opening trade today.
PTI
Comments
Story first published: Thursday, November 10, 2011, 16:43 [IST]