March 10, 2010 09:56 am | Updated 09:56 am IST - Mumbai
The Indian rupee depreciated by 12 paise against the U.S. dollar in early trade on Wednesday, following the American currency’s gains overseas.
At the Interbank Foreign Exchange (Forex) market, the rupee fell by 12 paise to 45.50 a dollar. The rupee closed lower by 10 paise at 45.62/63 a dollar in the previous session.
Forex dealers said besides strong dollar overseas, demand from importers for the U.S. currency also weighed on the rupee sentiment.
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.
