Wednesday, 8 October 2014

Rupee down 5 paise against dollar in morning trade

Forex dealers attributed the rupee's fall to increased demand for the US currency from importers and a lower opening in the domestic equity market.

Besides, the dollar's strength against other units overseas put pressure on the rupee, they said.

The rupee Tuesday appreciated by 18 paise to close at 61.43 against the Greenback on sustained selling of US currency by banks and exporters.

Meanwhile, the benchmark BSE Sensex fell by 84.16 points, or 0.32 percent, to 26,187.81 in morning trade on Tuesday.

Source:  Latest News from Business News

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