Business Standard

Rupee down 4 paise to 55.58/dollar

Influenced by dollar's gains in overseas markets, weak opening in stock market following capital ouflows

Press Trust of India  |  Mumbai 

The today lost four paise to 55.58 against the dollar in early trade as the gained strength against and other currencies.

dealers said besides dollar's gains in the overseas markets, a weak opening in the following capital ouflows, also put pressure on the local unit.

The rupee had gained a whopping 54 paise to end at 55.54 against the dollar on Friday's trade on persistent dollar- selling by exporters amid hinting at opening a separate dollar window for oil firms.

Meanwhile, the benchmark fell by 161.62 points, or 1.01%, at 15,803.54 in early trade today.

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Rupee down 4 paise to 55.58/dollar

Influenced by dollar's gains in overseas markets, weak opening in stock market following capital ouflows

The rupee today lost four paise to 55.58 against the dollar in early trade as the American currency gained strength against euro and other Asian currencies.

The today lost four paise to 55.58 against the dollar in early trade as the gained strength against and other currencies.

dealers said besides dollar's gains in the overseas markets, a weak opening in the following capital ouflows, also put pressure on the local unit.

The rupee had gained a whopping 54 paise to end at 55.54 against the dollar on Friday's trade on persistent dollar- selling by exporters amid hinting at opening a separate dollar window for oil firms.

Meanwhile, the benchmark fell by 161.62 points, or 1.01%, at 15,803.54 in early trade today.

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