The Indian rupee fell by forty six paise to a record low of Rs 54.17 per US dollar in early trade on Thursday, breaching the Rs 54 per dollar-mark for the primary time in history on sustained overseas capital outflows and dollar gains against the euro and other rivals overseas.
The home currency had tumbled by 48 paise to shut at a report low of Rs 53.seventy one/seventy two per dollar in the previous session on strong demand for the American forex and strengthening of the dollar towards its rivals overseas.
Forex dealers said in addition to continued demand for the American foreign money from importers and a few banks, greenback positive factors towards the euro and other currencies amid concerns over the euro zone debt disaster put stress on the Indian rupee.
In the meantime, the BSE benchmark Sensex fell by 158.51 points, or 1%, to 15,722.63 in opening trade on Thursday.
1 comments:
The constant rise and fall of currencies has moved me to do option trading instead of Forex. Especially in today's dollar state, investing in this is like taking a huge risk.
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