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Wednesday, August 24, 2011

The Rupee Fell by 17 Paise


The rupee fell by 17 paise to Rs 45.80 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, weighed down by weakness of the euro and other Asian currencies against the greenback overseas and a lower opening in the equity market.

In addition, month-end dollar demand from oil companies also put pressure on the rupee, they said. The rupee ended 4 paise higher at Rs 45.63/64 against the American currency in the previous session on the back of dollar-selling by exporters amid firm equity markets.




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