Rupee drops 59 paise against dollar

The rupee resumed lower at Rs 49.45/46 per dollar at the Interbank Foreign Exchange against its previous close of Rs 48.96/97 per dollar. It moved down further to Rs 49.55 per dollar before quoting at Rs 49.42/43 per dollar at 10.30 am.

Sustained dollar demand from banks and importers due to dollar’s firmness in overseas markets mainly affected the rupee sentiment, a forex dealer said.

In the Tokyo market, the euro sank to an eight-month low against the dollar in early trade and is poised to fall further after the Greek Government said the country will miss a deficit target set just months ago in return for a massive bailout package for the debt-stricken nation.

Any Time , Any Where , Any Gossip , Any Request Contact Us Design By : Johnny & Jack
We Remove Blogspot After 1000 Click a Day.