Rupee falls to 50.03 a dollar in opening trade
The fall in the value of rupees was witness in the early trade on Thursday as it traded at 50.03 against US dollar. It is expected that due to the heavy capital outflows by funds. The domestic stocke was seen weak in the early trade.
At the Interbank Foreign Exchange (Forex) market, the local currency, which last touched the 50-level on February 18, fell by nine paise to 50.03 against the greenback. The rupees had ended lower by seven paise at 49.94/95 a dollar on Wednesday.
The benchmark Sensex settled higher by over 80 points or 0.91 per cent yesterday, but dealers said expectations of a weak opening of the bourses put pressure on the domestic unit.
At the Interbank Foreign Exchange (Forex) market, the local currency, which last touched the 50-level on February 18, fell by nine paise to 50.03 against the greenback. The rupees had ended lower by seven paise at 49.94/95 a dollar on Wednesday.
The benchmark Sensex settled higher by over 80 points or 0.91 per cent yesterday, but dealers said expectations of a weak opening of the bourses put pressure on the domestic unit.
posted by Neel @ 10:22 AM
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