Rupee opens down on global economic worries
MUMBAI (Reuters) - The rupee fell early on Monday as risk aversion took a front seat after sluggish U.S. jobs data last week reignited worries about the health of global economy.
At 9:03 a.m. (0333 GMT), the rupee was at 51.37 to the dollar, weaker than Wednesday's close of 51.055/065. The market was shut on Thursday and Friday for local holidays.
U.S. payrolls rose far less than expected in March, even as the unemployment rate fell to a three-year low of 8.2 percent. Employers added 120,000 jobs last month, the smallest increase since October.
(Reporting by Aditya Phatak; Editing by Ranjit Gangadharan)
- Tweet this
- Share this
- Digg this
A missing Malaysia Airlines jetliner may have turned back from its scheduled route before vanishing from radar screens, military officers said on Sunday, deepening the mystery surrounding the fate of the plane and the 239 people aboard. Full Article