Thursday, March 10, 2011

Rupee falls by 7 paise against U.S. dollar

Mumbai, March 10, 2011

The Indian rupee fell by 7 paise to 45.07 per U.S. dollar in early trade at the Interbank Foreign Exchange on Thursday, weighed down by dollar gains against other currencies and a lower opening in the stock market.

Forex traders said dollar gains against other major currencies overseas and a weak start in the stock market mainly put pressure on the rupee.

The rupee rose by 8 paise to close at 45.00/01 against the U.S. currency in yesterday's trade on the back of fresh dollars-selling by banks amid a firm trend in the equity market.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 152.95 points, or 0.82 per cent, to 18,317.00 in opening trade.

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