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Rupee sinks past 56-level aginst US dollar

Date: 03-08-2012
Subject: Rupee sinks past 56-level aginst US dollar
Mumbai: The rupee on Friday again fell below the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers.

Besides, the euro stayed bearish against other currencies in overseas markets after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis, dealers said.

The rupee had lost 37 paise to close at a one-week low of 55.84 yesterday against the US currency following fresh dollar demand.

Meanwhile, the BSE benchmark Sensex fell by 115.95 points, or 0.67 percent, to 17,108.41 in early trade.

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