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

Rupee down 17 paise to 54.78/dollar

Euro's weakness against dollar overseas on Greece's debt crisis and US Presidential elections put pressure on local unit

Image
Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 5:46 PM IST

The rupee today fell by 17 paise to touch a fresh two-month low of 54.78 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers.

Besides, euro's weakness against the dollar overseas on renewed worries about Greece's debt crisis and today's US Presidential elections also put pressure on the local unit, forex dealers said.

The rupee had plunged by 80 paise yesterday to close at over eight-week low of 54.61 on massive dollar demand from banks and importers amid a sharp rise in the American currency overseas.

Meanwhile, the BSE benchmark Sensex rose by 48.09 points, or 0.25%, to 18,810.96 in early trade today.

Also Read

First Published: Nov 06 2012 | 10:12 AM IST

Next Story