Rupee down 70 paise against
dollar in early trade
MUMBAI: The rupee on Monday again turned weak and plunged 70 paise to 63.90 against the US dollar
in early trade after strong recovery on Friday, due to increased demand
for the American currency from importers and some banks.
Dealers said besides increased month-end demand for dollar from importers, dollar's gain against some currencies overseas put pressure on the domestic currency.
However, a higher opening in the domestic equity market, capped the rupee's fall,
Dealers said besides increased month-end demand for dollar from importers, dollar's gain against some currencies overseas put pressure on the domestic currency.
However, a higher opening in the domestic equity market, capped the rupee's fall,
ANAND
PGDM
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