Rupee declines 13 paise against $, opens at 52.84

Mumbai: The rupee fell by 13 paise to Rs 52.84 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a lower opening in the domestic equity market. In addition, gains posted by the US dollar against the euro and other Asian currencies overseas put pressure on the rupee.

[caption id=“attachment_175953” align=“alignleft” width=“380” caption=“AFP”]  [/caption]

The domestic currency had notched up a gain of 27 paise to close at a nearly two-week high of Rs 52.71/72 against the dollar in the previous session on Friday amid fresh dollar-selling by exporters. Dealers said a subdued opening in the equity market and dollar gains against the euro on worries about Europe’s debt

crisis, besides losses registered by other Asian currencies against the greenback overseas mainly weighed on the rupee sentiment.

The BSE Sensex fell by 90.19 points, or 0.57 per cent, to 15,758.61 in opening trade today.

More from Economy

Narendra Modi gets a stellar economic advisory panel but will he listen to it in an election year? Demonetisation: RBI will take time to count scrapped currency note deposits, says Arun Jaitley

PTI