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Rupee weakens 6 paise against dollar in early trade

Increased demand for the American unit from importers and banks affected the rupee

Press Trust of India  |  Mumbai 

Indian Rupee

The depreciated 6 paise to 67.96 against the US in early trade today at the Interbank Foreign Exchange market due to increased demand for the American unit from importers and banks amid a lower opening in the domestic equity market.

Moreover, sustained capital outflows also weighed on the domestic unit but dollar's weakness against some currencies overseas limited the rupee's fall, dealers said.

Yesterday, the snapped its two-day losing streak against the US currency by recovering 4 paise to 67.90 on fresh selling of by banks and exporters despite sustained fall in equities.

Meanwhile, the benchmark BSE Sensex fell by 159.77 points or 0.66% to 23,861.21 in early trade.

First Published: Wed, February 10 2016. 09:42 IST