MUMBAI: The rupee today fell by 38 paise to trade at over one-year low level of Rs 46.94 against the US currency in early trade, amid weakness of the euro and other Asian currencies against dollar.
Dealers said a slide in the euro, which hit a six-month low against the US dollar and a lower opening in the domestic stock market mainly kept pressure on the rupee.
The rupee had tumbled by 37 paise to close at a fresh one-year low of Rs 46.56/57 against the American currency in the previous session on Friday due to a steep fall in local stocks amid a firm dollar overseas.
Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 287.27 points, or 1.70 per cent, to 16,579.70 in opening trade today.
Dealers said a slide in the euro, which hit a six-month low against the US dollar and a lower opening in the domestic stock market mainly kept pressure on the rupee.
The rupee had tumbled by 37 paise to close at a fresh one-year low of Rs 46.56/57 against the American currency in the previous session on Friday due to a steep fall in local stocks amid a firm dollar overseas.
Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 287.27 points, or 1.70 per cent, to 16,579.70 in opening trade today.
ANIMA SINHA
PGDM 3rd Sem
No comments:
Post a Comment