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  • Rupee falls 13 paise in early trade

    Published on January 28, 2011

    The Indian rupee depreciated by 13 paise against the dollar on Friday, as the American currency strengthened against other major currencies.

    The domestic unit in early morning was trading at Rs 45.70 a dollar, 13 paise lower from the Thursday’s close at the Interbank Foreign Exchange (Forex) market.

    On Thursday, it snapped five-session long losing spree to close 14 paise higher at Rs 45.57/58 a dollar following a heavy dollar sale by exporters and some banks.

    Dealers said dollar’s gains against other currencies overseas and month-end demand for the American currency weighed on the rupee sentiment.

    Meanwhile, the BSE Sensex recovered by 36.44 points at 18,720.87 points in the opening trade.