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Re falls 22 paise vs $

Press Trust of India Mumbai

The Indian rupee opened 10 paise weaker and fell further against the US $ in early trade after reopening of the currency market today, a day after the terror attacks shook the country's financial capital.

At the Interbank Foreign Exchange (forex) market, the domestic unit, which rose by 45 paise to close at 49.50 on Wednesday, depreciated further by 22 paise to 49.72 against the greenback within minutes of trade, in the wake of terrorists attacks here.

Heavy demand for the US currency from importers also led to rupee's depreciation.

 

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First Published: Nov 28 2008 | 10:53 AM IST

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