Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance Current Affairs » Rupee down 8 paise at 48.55 a dollar

Rupee down 8 paise at 48.55 a dollar

Current Affairs

Mumbai: The Indian rupee on Wednesday fell by 8 paise to 48.55 against the US currency in early trade breaking its five-day gaining streak on expectations of fresh capital outflows as the stock markets may open lower in line with other weak Asian markets.

The demand for the dollar from importers also put some pressure on the Indian rupee.

At the Interbank Foreign Exchange market, the domestic unit slipped from a two-week high to trade 8 paise down at 48.55 a dollar. On Tuesday, the rupee had ended 18 paise higher at 48.47/48 against the US currency.

Forex dealers said the rupee turned weak on anticipation of fresh capital outflows as the stock markets may commence lower, taking cues from Asian bourses which are down up to 0.9 per cent in morning trade.

Besides, some dollar demand from importers also led to the downward movement in the rupee.



More Current Affairs
Previous 1 2 3 4 5 6 7 8 9 10 11 Next


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.