Rupees fell by 59 paisa to Rs.49.55 per US dollar

In line with weakness in the equity market, the Indian rupee fell by 59 paise to Rs.49.55 per US dollar in early trade today amid persistent dollar demand from banks and importers in view of dollar firmness in overseas markets. The rupee had ended 2 paise lower at Rs.49.45/46 against US dollar in the previous session due to strong dollar demand from importers amid weak stock markets.

2 comments:

  1. What?! Not again!!! Rupee is showing a downfall even when we are at a better economic condition and no irritating recession! :(

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