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Forex »
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 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
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Rupee edges down on weak shares
August, 16th 2010

The rupee edged lower on Monday tracking mostly weak regional peers and early losses in domestic shares but the dollar's moves versus majors would be crucial for direction during the day, dealers said.

At 9:25 a.m., the partially convertible rupee was at 46.84/85 per dollar, weaker than 46.76/77 at close on Friday.

The dollar on Friday chalked up its best week against major currencies in nearly two years as a lacklustre Italian debt sale and tepid U.S. consumer data fed fear that slower U.S. growth would hurt the world economy.

Indian shares gained 0.2 percent in choppy trade early on Monday, with financials leading the rise ahead of June inflation data due by 0630 GMT.

 
 
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