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Rupee falls on renewed Eurozone concerns

Penalty proceedings against Vodafone will proceed once the Finance Bill is passed, company could have to pay up to Rs 20,000 crore in claim, penalty and interest, Gujral said.

Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand

The rupee opened lower on Wednesday as renewed concerns about the Eurozone battered riskier assets, setting up the prospect of continued intervention from the RBI.

The rupee was at 53.54/55 to the dollar in early trades versus its Tuesday close of 53.12/13.

Copyright @Thomson Reuters 2012