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Rupee down 38 paise; over 1-year low against dollar

Last Updated 12 September 2011, 04:57 IST

Dealers said a slide in the euro, which hit a six-month low against the US dollar and a lower opening in the domestic stock market mainly kept pressure on the rupee.

The rupee had tumbled by 37 paise to close at a fresh one-year low of Rs 46.56/57 against the American currency in the previous session on Friday due to a steep fall in local stocks amid a firm dollar overseas.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 287.27 points, or 1.70 per cent, to 16,579.70 in opening trade today.

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(Published 12 September 2011, 04:57 IST)

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