Markets

Indian rupee down on lower risk appetite

Published January 9, 2012 Updated January 9, 2012 04:35am

At 9:02 a.m. (0332 GMT), the rupee was at 52.84/85 to the dollar, 0.2 percent weaker than Friday's close of 52.7150/7250.

The euro sank against the dollar and the yen and Asian stocks stalled on Monday, as renewed gloom about the fallout from the European sovereign debt crisis overshadowed signs of vigour in the US economy.

Copyright Reuters, 2011