Rupee falls 10 paise against dollar in early trade
Mumbai: The rupee weakened by 10 paise to 61.85 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the Greenback’s value against other currencies overseas.
Forex dealers attributed the rupee’s fall to month-end demand for the American currency from importers as well as the dollar’s strength against other global currencies but a higher opening in the domestic stock market, capped the rupee’s decline.
The rupee had surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency in yesterday’s trade on persistent selling of dollars by banks and exporters.
Meanwhile, the benchmark BSE Sensex rose by 180.91 points, or 0.63 per cent, to 28,927.56 in early trade today.