Rupee weakens 11 paise against dollar
Opens at 67.18 against US currency in early trade today
 "An employee counts rupee notes at a cash counter inside a bank in Agartala")
An employee counts rupee notes at a cash counter inside a bank in Agartala
The rupee depreciated 11 paise to 67.18 against the US currency in early trade today due to higher demand for the dollar from importers.
The currency had closed 14 paise higher at 67.07 against the dollar at the Interbank Foreign Exchange yesterday on sustained selling of dollars by banks and exporters in view of good foreign capital inflows.
Dealers attributed the rupee's fall to increased demand for the US currency. However, a higher opening in the domestic equity market capped the losses.
Meanwhile, the benchmark BSE Sensex rose 55.38 points, or 0.22%, to 24,675.77 in early trade.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 11 2016 | 9:42 AM IST