MARKET
HEADLINES
- Rupee up 8 paise against dollar in early trade
The
rupee recovered by 8 paise to 61.27 against the US dollar in early
trade today at the Interbank Foreign Exchange market on fresh selling
of the American currency.
Besides
strengthening of the euro and yen against the dollar in overseas
market supported the rupee, but a lower opening in the domestic
equity market capped gains, forex dealers said.
The
rupee had lost 30 paise to close at 61.35 in the previous session on
Friday on fresh demand for the US currency from banks and importers
due to firm dollar overseas and sharp fall in local equities.
The
benchmark BSE Sensex fell by 159.35 points, or 0.61 per cent, to
26,138.03 in early trade today.
- Rupee down 30 paise at 61.35 vs dollar
Snapping
a four-day gaining spree, the rupee today fell by 30 paise to close
at 61.35 against the dollar on fresh demand for the US currency from
banks and importers due to firm dollar overseas and sharp fall in
local equities.
The
local currency rupee resumed lower at 61.15 per dollar as against
yesterday's closing level of 61.05 at the Interbank Foreign Exchange
( Forex) and dropped further to 61.36 per dollar before concluding
the day at 61.35 per dollar, a loss of 30 paise or 0.49 per cent.
It
moved in a range of 61.11 and 61.36 per dollar during the day.
"Rupee
traded weak today taking cues from strong dollar overseas and weak
local equities. After depreciating for four continuous weeks, rupee
posted its first weekly gain this week," said Pramit Brahmbhatt,
CEO, Veracity Group.
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