Rupee Loses 24 Paise Against US Dollar

05 December 2011 - Which Way to Pay

Email Article Print Article
    


Rupee Loses 24 Paise Against US Dollar

In early trade today the Indian rupee lost 24 paise to a low of Rs 51.44 per US dollar as demand for the US currency from corporate institutions and banks is renewed from a higher dollar in foreign markets.

The rupee resumed lower at Rs 51.27/28 per dollar on the Interbank Foreign Exchange, as against the previous weekend's close of Rs 51.20/21 per dollar, and moved down further to Rs 51.44 per dollar before quoting at Rs 51.39/40 per dollar at 1030 hours.

Morning deals saw the Indian rupee sit between Rs 51.23 and Rs 51.44 per US dollar. The fresh demand from banks and corporate as the dollar climbed in overseas markets was the main reason for the value of the rupee against the dollar falling.

In New York, the dollar moved up against the euro and other major currency rivals last Friday, as key meetings on the euro zone debt crisis prompted traders to unwind big positions.

Meanwhile, crude oil firmed up in Asian trade today after Iran's military reportedly said it had shot down a US drone, analysts said.

news_09.jpg
 

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

INSURANCE PRODUCTS
Compare Insurance Products >>

When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress.
08 August 2015
Which Way To Pay
Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life.
Read More >>
As everyone wants that big day to be perfect , there is also a hefty cost that comes with it .
14 May 2015
Which Way To Pay
Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India.
Read More >>
Everyone want the best education , But financially this can be a worry
07 October 2014
Which Way To Pay
Getting the best education is the main priority in most people's lifetime.
Read More >>