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Rupee down 27 paise against dollar in early trade
Highlights
Indian Rupee Down 27 Paise Against Dollar In Early Trade. The rupee lost 27 paise to Rs. 61.79 against the U.S. dollar in early trade on Tuesday on the Interbank Foreign Exchange due to appreciation of the Greenback against other overseas currencies.
The rupee lost 27 paise to Rs. 61.79 against the U.S. dollar in early trade on Tuesday on the Interbank Foreign Exchange due to appreciation of the Greenback against other overseas currencies. Increased demand for the dollar from importers and banks also put pressure on the local currency.
Dealers attributed the fall in rupee to gains made by U.S. dollar against the euro and other overseas currencies ahead of U.S. jobs data and a lower opening in the domestic equity market.
The rupee weakened by 25 paise to close at Rs. 61.52 against the dollar in yesterday’s trade on persistent demand from importers and banks as the U.S. currency strengthened overseas.
Meanwhile, the BSE benchmark Sensex fell 31.74 points, or 0.15 per cent, to 20,862.15 in early trade on Tuesday.
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