| Date: |
08-03-2011 |
| Subject: |
Rupee Down By 3 Paise Against US Dollar In Early Trade |
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MUMBAI: The Indian rupee fell by 3 paise to Rs 45.07 per US dollar in early trade at the Interbank Foreign Exchange today, weighed down by gains registered by the American currency against other Asian rivals.
However, a higher opening in the stock market capped the losses.
The Indian rupee ended 6 paise lower at 45.04/05 per US dollar in the previous session due to mild dollar demand from importers amid weak equity markets.
Forex dealers said a mixed trend in other Asian currencies and a halt in the euro's overnight rally against the dollar put some pressure on the Indian rupee, but a higher opening in the stock market restricted the losses.
Meanwhile, the Bombay Stock Exchange benchmark Sensex gained 116.93 points, or 0.64 per cent, to 18,339.60 in opening trade today.
Source : timesofindia.indiatimes.com
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