Home ECONOMY Rupee drops to 60.34 against a dollar on weak shares

Rupee drops to 60.34 against a dollar on weak shares

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Mumbai, April 11 :

The Indian rupee fell to 60.34 against a dollar in early morning trade Friday, tracking losses in other Asian currencies and weak stock markets.Rupee- Dollar

The partially convertible rupee opened weaker and fell to 60.34 against a dollar, 27 paise lower than its previous day’s close at 60.07.

The Indian currency Thursday strengthened by 7 paise.

The value of one US dollar was quoted at 60.26 rupee at the Interbank Foreign Exchange Markets here around 10.45 a.m. The currency touched a high of 60.21 in the intra-day.

The Indian currency weakened tracking losses in other Asian peers and weak stock markets. Most of the Asian currencies were quoted weaker against the US dollar.

Benchmark index of the Bombay Stock Exchange (BSE) Sensex fell 146.94 points or 0.65 percent to 22,568.39 points in early trade, while the wider 50 scrip S&P Nifty of the National Stock Exchange (NSE) was down 0.54 percent at 6,759 points.

(IANS)

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