Rupee weakens against dollar

June 4, 2009 by Prakash Dhawan
Filed under: Uncategorized 

The Indian rupee unheeded by seventeen paise to 47.24 opposite a dollar in early traffic currently as banks paid for a banking (dollar) upon interest of importers as well as after a USD stabilised opposite a basket of currencies in Asian markets.
At a Interbank Foreign Exchange (Forex) market, a internal unit, that had finished 6 paise costlier during 47.07/08 yesterday, fell serve to allude to during 47.24.
Besides a federal reserve note strengthening opposite alternative Asian currencies, expectations of a diseased opening in a equity markets, in tandem with alternative Asian bourses, influenced a rupee sentiment, forex dealers said.
The Asian markets have been traffic low by 1.5 per cent in early traffic today.

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