Rupee down 13 paise against dollar in early trade
Thursday, April 20, 2017 IST
MUMBAI: The rupee lost 13 paise against the dollar to 64.71 in early trade today on the Interbank Foreign Exchange due to an appreciation of the US currency overseas.
Increased demand for the dollar from importers also put pressure on the rupee.
Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market capped the fall.
Yesterday, the rupee had gained 5 paise to close at 64.58 a dollar on fresh selling of the American currency by banks and exporters.
Meanwhile, the BSE benchmark Sensex rose 63.57 points, or 0.22 percent, at 29,400 in early trade today.
Early trade nowadays on the Interbank exchange thanks to the appreciation of the United States currency overseas.
Increased demand for the dollar from importers conjointly place on the rupee.
Dealers attributed the rupee's fall to dollar gains against alternative currencies overseas however a better gap of the domestic equity market capped the autumn.
Yesterday, the rupee had gained 5 paise to shut at 64.58 a dollar on recent merchandising of the yankee currency by banks and exporters.
Meanwhile, the mad cow disease benchmark Sensex rose 63.57 points, or 0.22 percent, at 29,400 in early trade nowadays.
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