ID :
56651
Tue, 04/21/2009 - 16:07
Auther :
Shortlink :
https://www.oananews.org//node/56651
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Rupee falls by 27 paise against USD in early trade
Mumbai, Apr 21 (PTI) The Indian rupee Tuesday depreciated
by 27 paise at 50.57 against the US currency in early trade on
heavy capital outflows by funds on expectations of weak
opening of the domestic stock markets in line with other Asian
equity markets.
Dealers said increased dollar demand from importers also
led to the weakening of rupee.
At the Interbank Foreign Exchange (Forex) market, the
local currency, which yesterday tumbled by 45 paise to a
nearly three-week low of 50.30/31 a dollar, plunged by 27
paise at 50.57 against the greenback.
Monday, the BSE benchmark Sensex ended 44 points lower
after touching the intra-day high of 11,209.66. PTI SUN
JVN
Sensex falls 215 pts in opening trade on weak global cues
Mumbai, Apr 21 (PTI) The Bombay Stock Exchange benchmark
Sensex Tuesday tumbled over 215 points in opening trading on
weak global cues ahead of the monetary policy to be announced
by the RBI (Reserve Bank of India) later in the day.
The 30-share barometer, which had lost 43.59 points
yesterday, slumped by 215.42 points, or 1.96 per cent, to
10,764.08 points after banking and realty stocks led the fall.
Similarly, the wide-based National Stock Exchange's Nifty
fell by 67.75 points, or two per cent, at 3,309.35.
Marketmen said selling pressure emerged on the domestic
markets after an overnight slide on the US markets as concerns
grew that credit losses are worsening.
They said, uncertainty over the interest rates cut by the
central bank, in its monetary policy to be released Tuesday,
also weighed on the trading sentiments.
Major losers which dragged the Sensex down were ICICI
Bank, down 4.61 per cent at Rs 406.90, State Bank of India by
1.85 per cent to Rs 1,271.95.
Other weak stocks were Reliance Industries, Reliance
Infra, DLF Ltd, Tata Steel, Sterlite Industries, Infosys
Technologies and Tata Consultancy Services.
Meanwhile, the US down Jones Industrial average closed
3.56 per cent down yesterday, while Hong Kong's Hang seng
lost 3.48 per cent and Japan's Nikkei was down 2.82 per cent
in early trade Tuesday. PTI
by 27 paise at 50.57 against the US currency in early trade on
heavy capital outflows by funds on expectations of weak
opening of the domestic stock markets in line with other Asian
equity markets.
Dealers said increased dollar demand from importers also
led to the weakening of rupee.
At the Interbank Foreign Exchange (Forex) market, the
local currency, which yesterday tumbled by 45 paise to a
nearly three-week low of 50.30/31 a dollar, plunged by 27
paise at 50.57 against the greenback.
Monday, the BSE benchmark Sensex ended 44 points lower
after touching the intra-day high of 11,209.66. PTI SUN
JVN
Sensex falls 215 pts in opening trade on weak global cues
Mumbai, Apr 21 (PTI) The Bombay Stock Exchange benchmark
Sensex Tuesday tumbled over 215 points in opening trading on
weak global cues ahead of the monetary policy to be announced
by the RBI (Reserve Bank of India) later in the day.
The 30-share barometer, which had lost 43.59 points
yesterday, slumped by 215.42 points, or 1.96 per cent, to
10,764.08 points after banking and realty stocks led the fall.
Similarly, the wide-based National Stock Exchange's Nifty
fell by 67.75 points, or two per cent, at 3,309.35.
Marketmen said selling pressure emerged on the domestic
markets after an overnight slide on the US markets as concerns
grew that credit losses are worsening.
They said, uncertainty over the interest rates cut by the
central bank, in its monetary policy to be released Tuesday,
also weighed on the trading sentiments.
Major losers which dragged the Sensex down were ICICI
Bank, down 4.61 per cent at Rs 406.90, State Bank of India by
1.85 per cent to Rs 1,271.95.
Other weak stocks were Reliance Industries, Reliance
Infra, DLF Ltd, Tata Steel, Sterlite Industries, Infosys
Technologies and Tata Consultancy Services.
Meanwhile, the US down Jones Industrial average closed
3.56 per cent down yesterday, while Hong Kong's Hang seng
lost 3.48 per cent and Japan's Nikkei was down 2.82 per cent
in early trade Tuesday. PTI
