The rupee depreciated by 12 paise to Rs. 51.90 against the American currency on the Interbank Foreign Exchange in early trade on Thursday, weighed down by dollar’s gains against other currencies overseas.
Forex dealers said besides dollar’s gains against other Asian currencies, increased demand for the American currency from importers also put pressure on the local unit but a higher opening in equities capped the losses.
The rupee had ended 31 paise lower at 51.78/79 against the dollar in the previous session on strong dollar demand from importers.
Meanwhile, the BSE benchmark Sensex rose by 53.18 points, or 0.31 per cent, at 17,445.57 in early trade.
Keywords: rupee dollar rate, foreign exchange, forex
To strengthen rupee LPG and kerosene can be replaced by free solar and dirt cheap induction , motor fuels can be saved greatly by electric traction, free solar and rain water harvesting , bullion can be replaced by indigenous, pleasing , safe and better investments , imported tech stuff costing Rs 10000 plus should be taxed heavily. But any company operating in India with Indian raw material and labor are welcome. Any imports for value added re exports are welcome. These measures will send dollar to sub thirty rupee a dollar levels.
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