SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Rupee down 6 paise at 54.83/dollar

Dollar weakened yesterday as optimism over Greece and upbeat Chinese mfg survey undercut its safe-haven appeal

Related News

The trimmed its earlier losses against the American currency, but was quoted still lower by six paise to 54.83 per dollar on mild dollar demand from banks and importers despite weak dollar overseas.

The rupee resumed slightly lower at 54.78 per dollar as against the yesterday's closing level of 54.77 per dollar at the (Forex) Market and declined further to 54.94 per dollar before quoting at 54.83 per dollar at 1050 hrs.

It moved in a range of 54.72 per dollar and 54.94 per dollar during the morning deals.

In New York market, the weakened yesterday as optimism over Greece and an upbeat Chinese manufacturing survey undercut its safe-haven appeal, while the rose to a six-week high versus the US currency.

Meanwhile, the Indian benchmark sensex resumed lower at 19,277.58 and hovered in a range of 19,359.49 and 19,274.03 before quoting at 19,326.60 at 1050 hrs, showing a moderate gain of 21.28 points or 0.11%.

Read more on:   
|
|
|

Read More

Rupee drops for 2nd consecutive year, seen gaining in 2013

The rupee fell due to oil-related dollar demand on Monday, ending 2012 with its second consecutive yearly fall, weighed down by a wide current ...

Recommended for you

Quick Links

More news from Finance Rss icon

StanChart overhauls top deck

Bill Winters to replace Peter Sands, Asia CEO Bindra to step down end-April

Govt banks' CEO selection opened to private sector

This is also the first time a public advertisement seeking applications has been put up on the Union finance ministry's website

India should meet RBI inflation target by Jan 2016: SS Mundra

He said state-owned banks would need Rs 2,50,000 cr in capital to meet Basel III requirements by 2019

Back to Top