The Indian rupee fell by 30 paise to 48.38 against the US currency in morning trade on fresh dollar demand from importers, coupled with a strong American unit in the overseas markets.
_____________________________________________________
(Updated at 0952 hrs)

The Indian rupee today plunged by six paise at 48.14 against the US currency in early trade on increased $ demand from importers and a strong American unit in the overseas market.

At the Interbank Foreign Exchange (forex) market, the domestic currency lost six paise to quote at 48.14 over previous close of 48.08/09.

Also Read   Related Stories News Now - Oil prices below $70 in Asian trade - Re snaps one-week losing streak, up by 11 paise vs $ - Re up three paise against $ - Re up 11 paise against $ - Rupee down 12 paise against $ - Re weakens by 21 paise against $

Also Read   Related Stories News Now - Markets recover from lows - Karnataka to mull cess cut on petrol after polls - M&M to spend Rs 5,000 cr on capex - RINL to kick off overseas roadshows for IPO on June 21 - Agri Min proposes Rs 170/quintal hike in paddy MSP More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets recover from lows - Karnataka to mull cess cut on petrol after polls - M&M to spend Rs 5,000 cr on capex - RINL to kick off overseas roadshows for IPO on June 21 - Agri Min proposes Rs 170/quintal hike in paddy MSP

Tags : Rupee | $ | Forex market   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Help a Child Achieve her. Click to know more -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here