21st January 2015 Forex Market Headlines

 Rupee down 11 paise to 61.82 vs dollar in morning trade
 

The rupee dropped 11 paise to trade at 61.82 against the dollar in late morning deals today on sustained demand for the US currency from banks and importers amid higher greenback overseas. Earlier, the rupee resumed lower at the 61.82 per dollar as against yesterday close of 61.71 at the Interbank Foreign Exchange market. Later, the rupee was quoted at 61.73 on bouts of dollar selling by banks and exporters before sliding again to its opening level of Rs 61.82 at 1045 hrs. It hovered in the range of 61.84-61.73 per dollar during the morning trade. 

Meanwhile, the BSE Sensex were trading higher by 159.35, or 0.56 percent, to 28,421.52 in late morning trade. paise to 61.77 a dollar in early trade today at the Interbank Foreign Exchange market as the US currency strengthened overseas. Dealers said besides dollar's gains against other currencies overseas, increased demand for the American unit from importers put pressure on the rupee but a higher opening in the domestic equity markets capped losses.The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.Meanwhile, the benchmark BSE Sensex was trading higher by 112.16 points, or 0.40 percent, at 28,374.17 in early trade.