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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.

Source : zeenews.india.com