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Rupee breaches 67-mark, falls 26 paise


Mumbai : The rupee again breached the 67-mark by depreciating 26 paise to trade at one-month low of 67.11 against the dollar in early trade today, mainly due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market.

Moreover, sustained capital outflows weighed on the domestic unit but the dollar’s weakness against some other currencies overseas limited the rupee’s fall, traders said.

The rupee had closed one paise higher at 66.85 against the US currency in yesterday’s trade on mild selling of dollars by banks and exporters.

Meanwhile, the benchmark BSE Sensex tumbled by 365.08 points, or 1.46 per cent to 24,489.03 in early trade.

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