Rupee down 4 paise against dollar in early trade

03-March-2015
Rupee down 4 paise against dollar in early trade

The rupee depreciated by 4 paise to trade at 61.91 against the US dollar in early trade on Tuesday, extending Monday’s weakness due to sustained demand for the American currency from importers.

Forex dealers said besides continued demand for the US dollar from importers, a lower opening of the domestic equity markets put pressure on the local unit.

The rupee had lost four paise to end at 61.87 against the greenback in Monday’s trade.

Meanwhile, the benchmark BSE Sensex fell by 75.64 points, or 0.26 per cent, to 29,383.50 in early trade on Tuesday.

Source : thehindu.com

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