Rupee down 15 paise against dollar in early trade
The rupee today lost 15 paise to 61.22 against the US dollar in early trade
Mumbai: The rupee today lost 15 paise to 61.22 against the US dollar in early trade on the Interbank Foreign Exchange market due to fresh demand for the US currency from importers amid a lower opening in the domestic equity market.
The rupee had gained 32 paise to close at a fresh two-month high of Rs 61.07 against the dollar in the previous session amid rise in local equities and sustained capital inflows.
Dealers attributed the rupee’s fall to fresh demand for the American currency from importers and a weak opening in the domestic equity market. But, dollar’s weakness against other currencies overseas restricted the rupee’s fall, they added.
Meanwhile, the BSE benchmark Sensex today fell by 30.71 points, or 0.14 per cent, to 20,497.88 in early trade.