Rupee opens down on global economic worries

MUMBAI Mon Apr 9, 2012 10:10am IST

Indian currency notes are stapled to form a garland at a market in Jammu November 14, 2008. REUTERS/Amit Gupta/Files

Indian currency notes are stapled to form a garland at a market in Jammu November 14, 2008.

Credit: Reuters/Amit Gupta/Files

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Scotland Referendum

Scotland Referendum

Scots vote in record numbers, await independence verdict.  Full Article 

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

GMR in Nepal

GMR in Nepal

Nepal clears India’s GMR plan for $1.4 bln hydroelectric plant.  Full Article 

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

India Rains

India Rains

Monsoon rains weaken as late retreat looms.  Full Article 

Ellison Quits

Ellison Quits

Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over.  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage