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

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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)

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