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Rupee softens 9 paise against dollar in early trade

Press Trust of India  |  Mumbai 

The rupee weakened by 9 paise to 63.87 against the in early trade today at the on fresh demand for the greenback from banks and importers.

A strong dollar in overseas markets weighed on the rupee sentiment, currency traders said. The dollar gained against global currencies amid the United Nations' move to impose fresh sanctions on North Korea.

The rupee had continued its rising run for the third day, surging by 27 paise to hit a fresh one-month high of 63.78 against the US currency on Friday.

Meanwhile, the benchmark spurted by 186.61 points or 0.59 per cent to 31,874.13 in early trade.

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

First Published: Mon, September 11 2017. 09:48 IST