Rupee Again Breaches 56 Level Against US Dollar


MUMBAI: Continuing fall for the third day in a row, the rupee again fell past the psychological level of 56 against the U.S. dollar in early trade on heavy demand for the American currency from importers amid concerns over euro-zone worries. Dealers said besides strong month-end demand from importers, particularly oil refiners, the euro's weakness against the American currency on persistent euro-zone worries, kept pressure on the Indian currency. At the Interbank Foreign Exchange ( Forex) market, the domestic unit opened lower at Rs 56 and continued its downward journey to trade at 56.16, down 49 paise against its yesterday's close of 55.67. Meanwhile, the BSE benchmark Sensex fell by 113.55 points, or 0.69 percent, to 16,325.03 in early trade today.
Source: PTI