Rupee down 27 paise against dollar in morning trade

May 25, 2012 10:41

The rupee depreciated by 27 paise to Rs 55.92 against the dollar in early trade today on stronger dollar against euro and Asian currencies.

Forex dealers said besides dollar's gains in the overseasmarkets on persistent eurozone worries, a weak opening in thestock market also put pressure on the local unit.

However, the Reserve Bank's indication that it may sell dollars directly to oil companies capped the losses.

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