Rupee Down By 26 Paise Against US Dollar
Forex dealers said strengthening of the dollar against other Asian currencies overseas and a lower opening in the domestic stock market mainly put pressure on the rupee.
They said the rupee depreciated for first time in five weeks after a global equities rout following the US rating downgrade, which triggered concerns about foreign fund outflows.
The rupee ended 20 paise lower at Rs 44.74/75 against the American currency in the previous session on the back of dollar-selling by exporters and some banks.
Meanwhile, the Bombay Stock Exchange benchmark Sens*x fell by 512.80 points to 16,793.07 in opening trade today.
Source : timesofindia.indiatimes.com