Wednesday, April 11, 2012

Indian Rupee declines to 51.64 vs US Dollar

The Indian rupee declined to Rs 51.64 against the US dollar on Wednesday. The level was last seen on January 16 when the European countries were struggling to overcome the economic slowdown.  

The US currency was seen on the upside paving a way for the investors. The domestic currency opened declining by 13 paise at Rs 51.60 against dollar on Wednesday morning.

Most of the Asian shares fell today prompting investors to continue their risk. Meanwhile, the foreign institutional investors (FIIs) sold Indian shares worth Rs 328.66 crore on Tuesday, as per provisional data from the stock exchanges.

The BSE Sensex is down 117 points at around 17126 while S&P CNX Nifty is lower by 36 points to be at 5207.

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