| Date: |
11-08-2011 |
| Subject: |
Rupee Loses 9 Paise Against US Dollar In Early Trade |
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Mumbai, Aug 11 (PTI) Continuing its slide for the eighth straight session, the Indian rupee fell by another 9 paise to Rs 45.34 per US dollar in early trade on the Interbank Foreign Exchange today on steady demand for the American currency from importers and euro weakness overseas.
A weak opening in the equity market also put pressure on the rupee.
Dealers said sustained dollar demand from importers, the weak euro overseas and a lower start in the stock market did not permit an improvement in the rupee sentiment.
In yesterday''s trading session, the rupee closed down by 5 paise at an 11-week low of Rs 45.25/26 against the dollar as strong demand for the US currency eroded early gains, despite a smart recovery in the stock market.
Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 89.41 points, or 0.52 per cent, to 17,041.10 in opening trade today.
Source : news.in.msn.com
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