Mumbai,May 3,2013 -
The Indian rupee on Friday lost 17 paise to 53.98 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.
The rupee had closed down by one paisa at 53.81 a dollar in Thursday\'s trade due to fresh dollar demand from importers amid firm global cues.
Forex dealers said increased demand for the dollar from banks and importers and weak local equities also put pressure on the domestic currency.
Meanwhile, the BSE Sensex was trading down 78.26 points, or 0.40 per cent, at 19,657.51 in morning trade on Friday.
News From: http://www.7StarNews.com
Thursday, May 2, 2013
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