Rupee slips by 2 paise against dollar in early trade

January 29, 2010 09:56 am | Updated December 15, 2016 11:07 pm IST - Mumbai

The rupee on Friday depreciated by 2 paise against the U.S. currency in early trade following weak stock markets and mild dollar demand from importers.

At the Interbank Foreign Exchange (Forex) market, the domestic unit traded lower by 2 paise at 46.37 a dollar.

Dealers said that weakness in equity markets and some dollar demand by importers weighed on the rupee sentiment.

The U.S. currency firmed up against other major global currencies which also influenced the trading sentiment.

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.