Indian rupee fell 19 paise in early trade Tuesday to 62.79 per dollar as against previous day's closing of 62.60 per dollar. The market has opened a flat note after the aggressive selling in the last two sessions. The Sensex is down 33.46 points or 0.17 percent at 19867.50, and the Nifty down 10.70 points or 0.18 percent at 5879.05.
The market has opened a flat note after the aggressive selling in the last two sessions. The Sensex is down 33.46 points or 0.17 percent at 19867.50, and the Nifty down 10.70 points or 0.18 percent at 5879.05. About 291 shares have advanced, 238 shares declined, and 40 shares are unchanged. Indian rupee fell 19 paise in early trade Tuesday to 62.79 per dollar as against previous day's closing of 62.60 per dollar.
Ashutosh Raina of HDFC Bank says that the rupee has been trading in a very narrow range with a weakish bias. "Profit booking in equity markets, clubbed with demand from importers has put mild pressure on the currency," he adds. According to Raina, the rupee is expected to trade in a range of 60-64/USD for the week. "The range for the day is seen between 62.50-63.30/USD." Asian markets fell after steep losses on Wall Street overnight. Nikkei saw cuts of almost a percent, which resumed trade after holiday extended weekend. In commodities, oil prices dropped by more than 1 dollar per barrel while gold edged higher following three days of losses.
The market has opened a flat note after the aggressive selling in the last two sessions. The Sensex is down 33.46 points or 0.17 percent at 19867.50, and the Nifty down 10.70 points or 0.18 percent at 5879.05. About 291 shares have advanced, 238 shares declined, and 40 shares are unchanged. Indian rupee fell 19 paise in early trade Tuesday to 62.79 per dollar as against previous day's closing of 62.60 per dollar.
Ashutosh Raina of HDFC Bank says that the rupee has been trading in a very narrow range with a weakish bias. "Profit booking in equity markets, clubbed with demand from importers has put mild pressure on the currency," he adds. According to Raina, the rupee is expected to trade in a range of 60-64/USD for the week. "The range for the day is seen between 62.50-63.30/USD." Asian markets fell after steep losses on Wall Street overnight. Nikkei saw cuts of almost a percent, which resumed trade after holiday extended weekend. In commodities, oil prices dropped by more than 1 dollar per barrel while gold edged higher following three days of losses.
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