Business Standard

Rupee tumbles 43 paise against dollar

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Press Trust of India Mumbai

Dealers said apart from strengthening of dollar overseas on fresh concerns over Spain's borrowing costs and the fate of the euro zone, a weak opening in the domestic equity market weighed on the rupee sentiment.

Meanwhile, the BSE benchmark Sensex fell by 153.64 points, or 0.90 per cent, at 17,004.80.

The rupee had lost 20 paise to close at 55.32 against the US currency in Friday's trade on weakness in local shares amid a firm dollar overseas as the euro zone debt problems resurfaced.

  

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First Published: Jul 23 2012 | 10:05 AM IST

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