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Greece Grinds Indian Rupee ,Euro Eradicates Sensex

[Mumbai]Greece Grinds Indian Rupee,,Euro Eradicates Sensex
Rupee dived 24 paise against $ in early trade
Spooked by Greece, Sensex Also tumbled 535 points in opening trade
Extending losses for the fifth consecutive day, the rupee shed 24 paise to trade at 63.88 against the $ in early trade today at the Interbank Foreign Exchange due to continued demand for the American $ from importers.
Forex dealers said besides sustained demand for the $ in view of the approaching month-end, weakness in the euro against the American $ overseas amid growing concerns of a Greece debt default and a possible euro zone exit weighed.
Furthermore, a lower opening in domestic equities kept up pressure on the rupee, they said.
The rupee had lost 2 paise to close at 63.64 in a range-bound trade on month-end demand for the greenback from importers despite its weakness overseas.
Meanwhile, the benchmark BSE Sensex plunged 535.87 points, or 1.92 %, to 27,275.97 in opening trade today.