rupee tanks below 60-mark, down 37 paise - Business Today

Home /BIZ WRAP /Economy /Story BT Online Bureau    Mumbai   Last Updated: July 3, 2013  | 00:00 IST The Indian rupee headed for the third consecutive sessions of falls on Wednesday, shedding 37 paise against the US dollar to again slip below the 60-mark in early trade. Heavy dollar demand tracking strengthening of the US currency overseas took the rupee down to 60.03. This is the first time since June 27 that the domestic currency has fallen below the 60-level. Rupee had touched an all-time low of 60.76 against the dollar on June 26. The rupee had depreciated by 14 paise to close at 59.66 against the dollar on Tuesday on defence-related dollar demand losses in the local stock market. Forex dealers said besides dollar gaining against other currencies to trade at nearly one-month high in the global markets on strong economic data, a lower opening in the domestic equity market also put pressure on the rupee. The BSE Sensex opened 211.54 points, or 1.09 per cent, down at 19,252.19 on Wednesday. With inputs from PTI Rupee falls 14 paise to 59.66 Core industry growth slows to 2.3% in May Manufacturing output broadly flat in June Sensex extends losses for 2nd session Service tax refund norms simplified for SEZs RBI lifts ban on FIIs buying Yes Bank shares via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGYj5FrN-XfpddMrBAU8bilNn3N9A&url=http://businesstoday.intoday.in/story/indian-rupee-us-dollar-foreign-exchange-rate-today-july-3/1/196413.html

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