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Rupee again falls by 10 paise to dollar

Published on January 23, 2014 at 7:28

Rupee again falls by 10 paise to dollar


Mumbai: Indian rupee has been continuing its habit of falling down for the fourth straight day. Now the rupee has fallen by 10 paise to 61.98 against the US dollar in early trade at the Interbank Foreign Exchange. Forex dealers said that a lower opening in the domestic equity market has made pressure on the Indian rupee in addition to the demand from the importers. The strength of other currencies against the US dollar in global markets is the other important reason for the fall.

The rupee had lost 26 paise for the last one-week and reached 61.88 against the dollar. Meanwhile, the BSE Sensex benchmark has fallen to74.56 points or 0.35 per cent, to 21,176.56 in the early trades.

 

 

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