Rupee Down By 20 Paise Vs Dollar

The Indian rupee was down by 20 paise to Rs 50.37 against the US dollar in early trade today on persistent dollar demand from banks and importers despite weakness of the American currency in global markets.

Moving in line with the domestic equity market, the rupee resumed lower at Rs 50.35/36 per dollar on the Interbank Foreign Exchange—as against its previous close of Rs 50.17/18 per dollar—and moved down further to Rs 50.37 per dollar before quoting at Rs 50.20/21 per dollar at 1030 hours.


From: http://ping.fm/mVtCy