India Forex - Rupee eases by two paise to 45.55 per USD on Tuesday 9 March 2010
Written by admin on March 9th, 2010 in India Forex.
India Tuesday 9 March 2010 : Snapping the rally of last six sessions, the rupee today eased by two paise to 45.55 against the US Dollar in the early trade, on sustained buying of the greenback by bankers, traders at the Interbank Foreign Exchange (FOREX) said here.
It had ended up by eight paise to 45.53 per USD yesterday. It had shot up by 87 paise in the last six sessions.
The partially-convertible rupee weakened today on the back of weaker regional peers and taking cues from the domestic stock markets, they added.
The local unit was moving in a narrow range between 45.59 and 45.53 per USD in the intra day.