Wednesday, October 9, 2013

Rupee falls 29 paise against dollar in early trade





PTI | Oct 10, 2013, 11.07AM IST

MUMBAI: The rupee fell by 29 paise to 62.22 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market as the US currency gained strength.

Forex dealers said besides dollar's gains against other currencies on hopes of a possible breakthrough in the US budget crisis, fresh demand from importers for the American currency also put pressure on the local currency.

They said a lower opening in domestic equity market too weighed on the rupee.

Amit kumar pandey

pgdm-1st

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