Rupee closes down by 25 paise or 0.41% at 61.52 against US dollar

Mumbai, PTI | Updated : 21 October 2013, 05:58 PM

The US dollar ended dearer against the rupee at 61.52/53 per dollar and the Pound sterling also finished higher at 99.35/37 per pound at the close of the Interbank Foreign Exchange Market (FOREX) on Monday.

The rupee resumed lower at 61.35 per dollar as against the last weekend's level of 61.27 at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.58 before quoting at 61.53 (1040hrs).

The domestic unit hovered in a range of 61.33 and 61.58 per dollar during the morning deals.

The BSE benchmark Sensex resumed higher at 20,915.76 and firmed up further to 20,970.92, but declined immediately to 20,831.17 before quoting at 20,861.65 (1045hrs), showing a loss of 21.24 points, or 0.14 per cent, over the weekend level.

Oil prices edged higher by 10 cents to USD 100.91 a barrel in Asian trade today as dealers await long-delayed US economic data for clues about the health of the world's largest crude consumer, analysts said.

The US stimulus programme has been credited with fuelling a global equities rally for most of the year. The US Central bank said in September that it would not wind down the programme if there was no broad improvement in the world's largest economy.

First Published: Monday, October 21, 2013 09:56 AM
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