Rupee today opened sharply lower against dollar at Rs 42.90/93 per dollar due to rising demand for the US currency at the Inter Bank Foreign Exchange market here today.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The domestic currency dropped by 24 paise to Rs 42.90/93, against the previous close of Rs 42.66/68, due to good demand for dollar from oil companies in view of rising crude oil prices in the international market.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>In the global market crude oil prices were trading at about $137 a barrel.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>Meanwhile, the BSE benchmark index, Sensex was down over 700 points at 1130 hrs on concerns over rising crude prices and inflation.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The rupee was quoted at Rs 42.89/91 per dollar at 1030 hrs. </P></p><p class='TableClas'></p></table>


Rupee resumes sharply lower against dollar

More From This Section

Steel policy on cards to iron out woes

ED slaps Rs 99-cr penalty on IPL team Rajasthan Royals

Rlys cuts spending on metro projects

Budget won't be the sole ratings driver, says Fitch

Explore News