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Rupee eases as US data hits risk appetite

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Reuters Mumbai

The rupee eased in opening trades on Wednesday as doubts resurfaced about global economic growth after bleak US housing and consumer confidence.

At 9:02 am, the rupee was at 49.59/60 to the dollar, weaker from Tuesday's close of 49.44/45.

US home prices fell more steeply than expected in November, and consumers turned less optimistic in January, highlighting the hurdles still facing the bumpy economic recovery.

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First Published: Feb 01 2012 | 12:00 AM IST

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