Press Esc to close
Saturday 23 August 2014
News updated at 4:49 PM IST
Weather
Max: 30°C
Min : 20°C
In Bangalore
Cloudy sky

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
Tourists stand in line outside Notre Dame Cathedral in Paris ...

Tourists stand in line outside Notre Dame Cathedral in Paris ...

A brave-heart woman takes on a group of attackers as they assault her husband in Meerut ...

A brave-heart woman takes on a group of attackers as they assault her husband in Meerut ...

Indian Men’s Hockey team accepting the “ ALS Ice Bucket Challenge” in New Delhi ...

Indian Men’s Hockey team accepting the “ ALS Ice Bucket Challenge” in New Delhi ...

Bengal Warriors and Telugu Titans in action during the Pro Kabaddi league match in Jaipur ...

Bengal Warriors and Telugu Titans in action during the Pro Kabaddi league match in Jaipur ...

Irom Sharmila who is on an indefinite fast  being re-arrested in Imphal ...

Irom Sharmila who is on an indefinite fast being re-arrested in Imphal ...

Bhojpuri actors Ravi Kishan, Madhu Sharma and Pawan Singh at a music launch in Patna ...

Bhojpuri actors Ravi Kishan, Madhu Sharma and Pawan Singh at a music launch in Patna ...

Sculptors giving final touches to the idols of Ganesh ahead of the Ganesh Chaturthi festival ,Agra .

Sculptors giving final touches to the idols of Ganesh ahead of the Ganesh Chaturthi festival ,Agra .

Singaporean Prime Minister Lee Hsien Loong with Chief Minister of Telangana K Chandrasekar Rao ...

Singaporean Prime Minister Lee Hsien Loong with Chief Minister of Telangana K Chandrasekar Rao ...

Women during the  inaugural ceremony of the Three-day North East Film Festival ...

Women during the inaugural ceremony of the Three-day North East Film Festival ...

Indian Men’s Hockey team Captain Sardar Singh ccepting the “ ALS Ice Bucket Challenge” ...

Indian Men’s Hockey team Captain Sardar Singh ccepting the “ ALS Ice Bucket Challenge” ...

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