Rupee declines by 11 paise against dollar in early trade

November 08, 2010 11:01 am | Updated 11:01 am IST - Mumbai

A file picture of Indian currency notes. Photo: K. Pichumani

A file picture of Indian currency notes. Photo: K. Pichumani

The Indian rupee declined by 11 paise to 44.32 against the US dollar in early trade at the forex market today, with the American currency overcoming recent weakness to post gains against other major currencies.

The rupee had ended 14 paise higher at Rs 44.21/22 per dollar in the previous session at the Interbank Foreign Exchange on Thursday.

Forex dealers said the weakness of other currencies against the US dollar mainly put pressure on the rupee.

Meanwhile, the Bombay Stock Exchange index Sensex rose by nearly 71 points to 21,075.71 in opening trade today.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.