Don’t miss the latest developments in business and finance.

Rupee depreciates 11 paise/$ in early trade

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 1:11 AM IST

The rupee today weakened by 11 paise to Rs 46.75 a dollar at the Interbank Foreign Exchange market in early trade due to increased dollar demand from importers.

Dealers said increased demand from importers for the US currency put pressure on the the rupee.

    
The dollar's gains against other major currencies also weighed on the rupee, they added.
    
The rupee had ended higher by 3 paise at 46.64/65 a dollar in the previous session.

 

Also Read

First Published: Aug 24 2010 | 10:53 AM IST

Next Story