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Rupee opens 7 paise lower against dollar in morning trade

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Press Trust of India Mumbai

The Indian rupee depreciated by 7 paise to Rs 45.59 against the US dollar in early trade at the Interbank Foreign Exchange today, tracking weakness in other Asian currencies.

Forex dealers said that besides dollar's gains against other Asian currencies, continued demand for the American currency from importers kept pressure on the rupee.

The rupee had closed 18 paise higher at 45.52/53 against the dollar in the previous session.

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First Published: Nov 26 2010 | 10:07 AM IST

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