Friday, March 20, 2015

Rupee falls to 62.57 on fresh dollar demand, weak equities

The rupee depreciated by five paise to 62.57 against the Greenback in early trade on Friday on the back of fresh demand for the US dollar from importers.

Besides, a lower opening in domestic stock market put pressure on the rupee, forex dealers said.

The domestic currency had gained 17 paise to end at 62.52 against the dollar on Thursday.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) index Sensex fell by 136.92 points (or 0.48 per cent), at 28,332.75 in early trade on Friday.

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