Re turns weak after firm start
The rupee turned weak against the US currency after a firm start and was quoted slightly weaker in the absence of any dollar buying and selling amidst erratic equity markets.
By PTI |
MUMBAI: The rupee turned weak against the US currency after a firm start and was quoted slightly weaker in the absence of any dollar buying and selling amidst erratic equity markets.
In dull trade at the Interbank Foreign Exchange (forex) market, the local currency resumed strong at 40.40/42 per dollar against overnight close of 40.45/46 per dollar but later fell back to 40.4650/4750 per dollar in late morning deals.
Forex dealers said the activity was at a low ebb with the exchange market largely influenced by equity markets in Asian countries.
Asian markets suffered a further setback in morning trade while the benchmark Sensex gained about 103 points in volatile trade after yesterday's stocks carnage.
In dull trade at the Interbank Foreign Exchange (forex) market, the local currency resumed strong at 40.40/42 per dollar against overnight close of 40.45/46 per dollar but later fell back to 40.4650/4750 per dollar in late morning deals.
Forex dealers said the activity was at a low ebb with the exchange market largely influenced by equity markets in Asian countries.
Asian markets suffered a further setback in morning trade while the benchmark Sensex gained about 103 points in volatile trade after yesterday's stocks carnage.
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