The rupee depreciated by 6 paise to trade at Rs49.90 against the dollar on the Interbank Foreign Exchange market in early trade, on fresh demand from importers for the American currency.
Forex dealers said weakness in euro and other Asian currencies against the dollar overseas also weighed on the rupee's value.
Fresh demand for the US currency from importers stepped up dollar purchases for making payments, putting pressure on the rupee, they added
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Forex dealers said weakness in euro and other Asian currencies against the dollar overseas also weighed on the rupee's value.
Fresh demand for the US currency from importers stepped up dollar purchases for making payments, putting pressure on the rupee, they added
....more info