May 03, 2013 10:09 am | Updated June 08, 2016 02:58 am IST - Mumbai
The rupee on Friday lost 17 paise to 53.98 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.
Increased demand for the dollar from banks and importers and weak local equities also put pressure on the rupee, forex dealers said.
The rupee had closed down by one paisa at 53.81 a dollar in Thursday’s trade due to fresh dollar demand from importers amid firm global cues.
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.
