Indian rupee falls 32 paise against US dollar
The Indian national currency has fallen 32 paise to Rs 52.82 against US dollar, continuing its fall in the foreign exchange market.
The US currency has risen against Euro and other overseas and dealers said that the weak opening of the domestic stock market also impacted the sentiment on the currency valuations. The rise of dollar against Euro due to continuing cancers over the Eurozone debt crisis has added to the pressure on the rupee.
The Eurowas trading at 1.30 down 0.0157% against the dollar while the Japanese Yen was trading at 78.05 down 0.0090% against the American currency today.
The currency lost most of its gains made yesterday of 37 paise at the close of Rs 52.50/51 per US dollar backed by strong performance by the domestic stock market. The domestic currency opened today at Rs. 52.78 to a dollar, rose marginally to a high of 52.76 and fell to a low of 52.84 so far till the time of reporting.
The benchmark index of the Bombay Stock Exchange (BSE), Sensex fell or 1.23 per cent to 15,491.80 n the early morning trade today. Continued selling by foreign funds over the past few days affected the sentiment in the stock market.