Press Esc to close
Tuesday 02 September 2014
News updated at 10:53 PM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

Rupee drops by 16 paise vs dollar in late morning trade

Mumbai, Apr 22, 2013, (PTI):

The rupee dropped by 16 paise to 54.12 against the American currency in the late morning trade on fresh dollar demand from banks and importers on the back of higher dollar in the overseas market.

The rupee resumed steady at 53.96 per dollar but declined immediately to a low of 54.12 at 1040 hrs at the Interbank Foreign Exchange (Foerx) Market here today.

Renewed dollar demand from banks and importers in view of higher dollar in the international market mainly affected the rupee against the dollar, a forex dealer said.


In Los Angeles, the US dollar rose against Japan's currency in the early trade, flirting with the 100-yen level after financial officials from the world's top economies refrained from criticising Japan's weakening of the yen through its monetary-policy programme.

Meanwhile, the Indian benchmark Sensex rose by 58 points, or 0.30 pct, to 19,074.29 in the late morning trade.

Go to Top

Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523