Rupee Down By 25 Paise vs Dollar.

The Indian rupee fell by 25 paise to 45.26 against the US dollar Monday on sustained demand for the American currency from banks and importers amid a higher dollar in overseas markets and weakness in the domestic equity market.

Forex dealers said strengthening of the dollar against major currencies overseas and a lower opening in the domestic stock market mainly put pressure on the rupee.

At the Interbank Forex Exchange, the rupee resumed lower at 45.14/15 per dollar as against the previous closing level of 45.01/02 per dollar and moved down further to 45.26 at 1030 hours.

The rupee moved in a range between 45.14 and 45.26 per dollar in morning deals.

The dollar was higher against the euro in early trade Monday, getting a lift against its European counterpart amid renewed fears about eurozone sovereign debt.

Meanwhile, oil was down in Asian trade Monday after the investor sentiment took a hit amid worries about weak US demand, analysts said. New York''s main contract, light sweet crude for July delivery, lost 95 cents to USD 99.15 a barrel.

The Bombay Stock Exchange benchmark Sensex was down by 169.20 points, or 0.92 per cent, at 1050 hours.

Source : news.in.msn.com