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Rupee Depreciates By 16 Paise Against Dollar In Early Trade

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RAMESH KUMAR VERMA

CS PURSUING

43853 Points Posted on 12 July 2011

Rupee Depreciates By 16 Paise Against Dollar In Early Trade

The Indian rupee fell by 16 paise to Rs 44.63 per US dollar in early trade on the Interbank Foreign Exchange today amid dollar gains against the euro and other currencies overseas and a weak trend in the equity market.

Forex dealers said dollar strength against the euro on lingering concerns over the euro debt crisis and a lower opening in the stock market mainly put pressure on the rupee.

The rupee closed 14 paise lower at Rs 44.47/48 against the US currency in the previous session amid weakness in equities.

Meanwhile, the Bombay Stock Exchange benchmark Sens*x fell by 261.27 points, or 1.39%, to 18,460.12 in opening trade today.

Source : moneycontrol.com

Replies (1)

Ramalingam K

Founder & Director - Holistic Investment

21077 Points Posted on 07 May 2014

How to handle the effects of inflation during Pre-retirement and Post Retirement? Top 5 popular towns to visit in Europe (TopTipsNews - India) We often hear from our parents and grandparents that they used to buymovie tickets for Rs. 5. Milk that we used to buy for Rs. 13 few years back has doubled now. Have you ever thought why such change in price happens? https://holisticinvestment.in/blog/how-to-handle-the-effects-of-inflation-during-pre-retirement-and-post-retirement/ Regards Ramalingam K, MBA, CFP, Director and Chief Financial Planner, Holistic Investment Planners “Best Performing Financial Advisor Award” Winners from CNBC TV18 www.holisticinvestment.in (Follow us on):- https://www.facebook.com/holisticinvestmentplanners