Re down by 6 paise against $ in early trade

Bs_logoImage
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 10:14 PM IST

The Indian rupee today depreciated by 6 paise against the $ in early trade on increased demand for the American currency from importers.      

Dollar's gains against other currencies too put pressure on the Indian unit.     

At the Interbank Foreign Exchange (forex) market, rupee was quoted at weak 47.93 a $, lower by 6 paise form its previous close. The rupee closed at 47.89 against the US currency on Friday.     

Forex dealers said increased demand for dollar from importers ahead of Budget 2009-10 to be presented later in the day and $'s firmness against other currencies mainly put pressure on the rupee.

You’ve reached your limit of 10 free articles this month.
Subscribe now for unlimited access.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

70% off

Smart Essential

₹810

1 Year

₹67/Month

70% off

Super Saver

₹1,170

2 Years

₹48/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 06 2009 | 9:57 AM IST