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Rupee weakens 8 paise against dollar in early trade

Press Trust of India  |  Mumbai 

The rupee weakened by 8 paise to 65.44 against the in early trade today at the due to appreciation of the American currency overseas.

Dealers attributed the rupee's fall to increased demand for the US currency from importers.

However, a higher opening in the domestic capped the losses.

The rupee had closed yesterday at a fresh 16-month high of 65.36 against the greenback in the face of dollar unwinding from exporters and banks.

Meanwhile, the benchmark recovered by 56.92 points, or 0.19 per cent, to 29,575.66 in early trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 09:42 IST