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News Business Rupee declines 33 paise against US dollar in early trade

Rupee declines 33 paise against US dollar in early trade

Mumbai, Nov 5: The rupee on Monday lost 33 paise to 54.14 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and

rupee declines 33 paise against us dollar in early trade rupee declines 33 paise against us dollar in early trade
PTI November 05, 2012 10:24 IST
Mumbai, Nov 5: The rupee on Monday lost 33 paise to 54.14 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and other rivals overseas and a weak opening in the domestic equity market.



Increased demand for the dollar from banks and importers also put pressure on the rupee.

Dealers attributed the rupee's fall to dollar gains against the euro overseas and a lower opening in the stock market.

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