Rupee sheds 29 paise to 52.79/dollar

http://www.thehindubusinessline.com/markets/forex/article3348408.ece

Mumbai, April 24:  The rupee lost 29 paise to 52.79 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Forex dealers said weakness in euro against the dollar and other Asian currencies overseas also weighed on the rupee’s value.

The domestic unit had lost 42 paise to close at three-and-a-half month low of 52.50/51 against the US currency yesterday, owing to strong dollar demand from banks and importers amid a sharp fall in equity markets.

Meanwhile, the BSE benchmark index Sensex rose 70.34 points or 0.41 per cent to 17,167.02 in early trade today.