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Forex »
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Rupee down 2 paise Dollar in early trade
February, 08th 2010

The rupee today fell marginally by 2 paise against the US dollar in early trade on foreign fund outflows from the weak equity markets amid strengthening of the US currency against other units.

At the Interbank Foreign Exchange (Forex) market, the rupee fell by 2 paise to 46.75 a dollar, extending its previous trading day's losses. The local unit had ended sharply lower by 48 paise to a five-week low at 46.73/74 on Friday.

Dealers said weakness in Asian currencies against the dollar and subdued trend on the stock markets mainly put pressure on the domestic currency.

Meanwhile, the Bombay Stock Exchange index Sensex was down over 95 points, or 0.59 per cent, in opening trade today.

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