Rupee hits 32 month low as euro, local shares decline

The rupee weakened on Wednesday to hit a fresh near 32-month low as fears that Europe's debt crisis were deepening boosted demand for dollars, pummelled the euro and sent local shares down.

hidden November 16, 2011 10:57:42 IST
Rupee hits 32 month low as euro, local shares decline

The rupee weakened on Wednesday to hit a fresh near 32-month low as fears that Europe's debt crisis were deepening boosted demand for dollars, pummelled the euro and sent local shares down.

• At 9:33 am, the partially convertible rupee was at 50.94/95 per dollar after hitting 50.96, its weakest since March 31, 2009. The unit had closed down 0.7 percent on Tuesday at 50.66/67.

• The euro slipped to a fresh one-month low against the dollar and the yen on Wednesday as the euro zone debt crisis threatened to engulf top-rated members such as France, as government bonds of core countries came under pressure.

Rupee hits 32 month low as euro local shares decline

The rupee weakened on Wednesday to hit a fresh near 32-month low as fears that Europe's debt crisis were deepening boosted demand for dollars.Reuters.

• The euro was at $1.3453, lower from $1.3515 at the end of rupee trade on Tuesday, while the index of the dollar against six major currencies was at 78.286 points from 77.995 points previously.

• The BSE Sensex was down more than 0.9 percent on Wednesday after closing at their lowest in more than three weeks on Tuesday

Reuters

Updated Date:

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