Rupee down 32 paise against dollar

May 10, 2013 09:55

The rupee today lost 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.

Increased demand for the dollar from banks and importers also put pressure on the rupee but a higher opening in the domestic equity market, capped the fall, forex dealers said.

The rupee had lost nine paise to close at one-week low level of 54.25 against the dollar due to sustained demand for

the US currency for oil and gold related payments.

Meanwhile, the BSE benchmark Sensex recovered by 27.97 points, or 0.14 per cent, at 19,967.01 in early trade today.

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