Rupee depreciates 4 paise vs US dollar
Increased month-end demand for the US currency from importers affected the rupee
 "A money lender counts rupee currency notes at his shop in Ahmedabad")
A money lender counts rupee currency notes at his shop in Ahmedabad
The rupee weakened by another 4 paise to 66.44 against the dollar in early trade today at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers.
Forex dealers said mainly sustained month-end demand from banks and importers weighed. A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, however, limited the fall.
Yesterday, snapping its eight-day long winning streak against the American currency, the rupee had dropped by 21 paise to 66.40.
Meanwhile, the benchmark BSE Sensex was trading higher by 48.88 points, or 0.18%, at 26,128.36 in early deals.
Forex dealers said mainly sustained month-end demand from banks and importers weighed. A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, however, limited the fall.
Yesterday, snapping its eight-day long winning streak against the American currency, the rupee had dropped by 21 paise to 66.40.
Meanwhile, the benchmark BSE Sensex was trading higher by 48.88 points, or 0.18%, at 26,128.36 in early deals.
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First Published: Dec 30 2015 | 9:42 AM IST