SEARCH

Business » Markets

Updated: August 5, 2011 12:01 IST

Rupee falls by 25 paise to 5-week low against dollar

PTI
print   ·   T  T  
The rupee today fell by 25 paise to trade against the US dollar in early trade.
The Hindu The rupee today fell by 25 paise to trade against the US dollar in early trade.

The rupee today fell by 25 paise to trade at nearly five-week low of Rs 44.79 against the US dollar in early trade.

Dealers said dollar strength against the euro and a lower opening in the stock markets mainly put pressure on the rupee, which slumped to a five-week low.

The rupee had closed 23 paise lower at a more than two-week low of Rs 44.54/55 against the US currency in the previous session on sluggish local equities and dollar demand from importers.

Meanwhile, the Bombay Stock Exchange benchmark Sensex tumbled by 466.78 points, to 17,226.40 in opening trade today.

Keywords: BSEDollarrupeestock market

More In: Markets | Business


O
P
E
N

close

Recent Article in Markets

A customer buys gold from a jewellery showroom in Kochi. File Photo

Gold extends gains on festive buying, weak rupee

The steady inflow of buying by jewellers and retailers, triggered by ongoing festive season and a weakening rupee against the dollar that made imports costlier, mainly influenced gold prices. »