MUMBAI: The Indian rupee fell by 7 paise to over two-month low of Rs 45.64 against the US dollar in early trade at the Interbank Foreign Exchange on Wednesday, tracking losses in other Asian currencies.
Forex dealers said besides dollar's gains against other Asian currencies, continued demand for the American currency from importers also kept pressure on the Indian rupee, but a moderate recovery in stock markets in the opening trade capped its losses.
The rupee had ended at eight-week low of Rs 45.57/58 against the US dollar in the previous session amid a tumbling of stock markets.
Meanwhile, the Bombay Stock Exchange benchmark Sensex climbed 68.29 points up to 19,760.13 in the opening trade on Wednesday.
Read more: Rupee opens 7 paise down against dollar - The Times of India http://timesofindia.indiatimes.com/business/india-business/Rupee-opens-7-paise-down-against-dollar/articleshow/6979931.cms#ixzz16CnGo6kY
Forex dealers said besides dollar's gains against other Asian currencies, continued demand for the American currency from importers also kept pressure on the Indian rupee, but a moderate recovery in stock markets in the opening trade capped its losses.
The rupee had ended at eight-week low of Rs 45.57/58 against the US dollar in the previous session amid a tumbling of stock markets.
Meanwhile, the Bombay Stock Exchange benchmark Sensex climbed 68.29 points up to 19,760.13 in the opening trade on Wednesday.
Read more: Rupee opens 7 paise down against dollar - The Times of India http://timesofindia.indiatimes.com/business/india-business/Rupee-opens-7-paise-down-against-dollar/articleshow/6979931.cms#ixzz16CnGo6kY
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