Rupee weakens 4 paise against dollar

01-July-2015
Rupee weakens 4 paise against dollar

The rupee depreciated 4 paise to 63.68 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.

Forex dealers said fresh demand for the dollar from importers also weighed, but a higher opening in the domestic equity market limited rupee’s fall.

The rupee had snapped its 5-day losing trend against the US currency by ending higher by 20 paise at 63.64 in Tuesday’s trade on fresh selling of the greenback by banks and exporters on hopes of revival in foreign capital inflows.

Meanwhile, the benchmark Sensex rose 90.47 points, or 0.33 per cent, to 27,871.30 in early trade.

Source : thehindu.com

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