Rupee down 10 paise against dollar in early trade
Mumbai, Nov 11 (PTI) The rupee weakened by 10 paise to 61.60 against the dollar in early trade today at the Interbank Foreign Exchange due to increased demand for the US currency from importers.
Forex dealers attributed the rupee’s weakness to increased demand for the US currency from importers and its strength against some other currencies overseas but a higher opening in the domestic equity market limited the fall.
The rupee had gained 12 paise to close at 61.50 against the dollar in yesterday’s trade on fresh selling of the US currency by banks and exporters on the back of strong capital inflows.
Meanwhile, the benchmark BSE Sensex rose by 76.16 points, or 0.27 per cent, to 27,950.89 in early trade today.