Rupee depreciated 3 paise against Dollar in late morning deals


New Delhi: In late morning deals the Indian rupee weakens by 3 paise to 67.07 against the dollar on fresh bouts of dollar selling by banks and exporters. The rupee commenced flat at 67.04 per dollar from the day before concluding level at the Inter—bank Foreign Exchange (Forex) market. The domestic unit hovered in a range of 67.08 and 66.97 through the morning deals previous to quoting at 67.07 per dollar at 1030 hrs. The dollar index was buying and selling down 0.33 per cent at 96.34 next to a basket of six currencies in near the beginning deal.

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Today abroad, the yen firmed in nervous market conditions in Asia, spiking to a 2 1/2—week superior next to the dollar as investors braced for the option that the Bank of Japan’s predictable easing steps will disappoint market participants hoping for more radical measures. Oil prices stay around April decrease at the Asian deal as slowing economic expansion threatened to worsen ongoing oversupply of crude and sophisticated products. For now, the benchmark BSE Sensex was buying and selling down by 55.98 points or 0.23 per cent to 28,142.64 at 1030 hrs.

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