Rupee weakens to 62.79 as dollar firms up

  • 27-March-2015
  • Rupee weakens to 62.79 as dollar firms up

MUMBAI, MARCH 27 : The rupee declined by 12 paise to 62.79 against the dollar in early trade at the Interbank Foreign Exchange market today due to appreciation of the US currency overseas.

Forex dealers said month-end demand for the American unit from importers also weighed on the local currency, but a higher opening in the domestic equity market capped the rupee’s losses.

The rupee had lost 34 paise, its worst drop in two weeks, to close at 62.67 against the US dollar in yesterday’s trade.

Meanwhile, the benchmark BSE Sensex recovered by 248.12 points or 0.9 per cent at 27,705.70 in early trade.

Source : thehindubusinessline.com

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