Rupee value dips marginally against dollar

Jul 20 ,2012 13:26 PM

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Rupee value dips marginally against dollar

The trade of rupee had lowered by a meagre 3 paise to 55.15 against the dollar today in the early trade while the American Dollar had overpowered the Euro and other Asian currencies.

The Forex traders opined that the rupee lowering value can be attributed to the gain of the USD's value overseas and was further lowered due the outward movement of the foreign funds from the already weak domestic equity market.
Yesterday's scenario which was completely different from todays, witnessed the gain of rupee value by 36 paise by closing at 55.12 against the US dollar in the trades yesterday with the continuous inflow of capital and sale of the US currency by the exportes.

AW- Anil

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