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Rupee down 6 paise against dollar in early trade


Mumbai, Nov 28 (PTI) The rupee depreciated by 6 paise to trade at 61.93 against the US dollar in early trade today, extending yesterday’s weakness due to sustained month-end demand for the American currency from importers.

The dollar’s gains against other currencies overseas also put pressure on the local unit but a record opening in the domestic equity market limited the losses, forex dealers said.

The rupee had lost 3 paise to end at 61.87 against the greenback in yesterday’s trade on month-end dollar demand from importers.

Meanwhile, the benchmark BSE Sensex spurted by 326.61 points, or 1.14 per cent, to hit a new life-time high of 28,765.52 in opening trade today.

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