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Rupee drops 5 paise against dollar in early trade

Rupee vs dollar

Mumbai: The rupee depreciated by five paise at 62.57 against the US dollar in early trade today on fresh demand for the American currency from importers.

Besides, a lower opening in domestic equity markets put pressure on the local unit, forex dealers said.

The rupee had gained 17 paise to end at 62.52 against the US dollar yesterday.
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Meanwhile, the benchmark BSE Sensex fell by 136.92 points, or 0.48 per cent, at 28,332.75 in early trade today.

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