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Rupees Down by 36 Paise against Dollar

The rupee lost an immense 36 Paise to Rs 54.56 against the US dollar in early on trade at the Interbank Foreign Exchange market on intensification of the American currency in opposition to the euro out of the country.

Forex dealers told dollar gone up against the euro after the European Union sever its economic expansion estimate and the ECB chief stirred up worries about how sluggish growth is twinge the continent's top market, Germany.

In addition, a weak opening in the domestic stock market also place stress on the rupee. The BSE benchmark Sensex chop down by 165.96 points, or 0.87 per cent, to 18,736.45 in the sunup trade. The rupee had valued by a strong 23 Paise to close up at 54.20 on Wednesday on the back of money inflows and dollar selling by exporters.

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