Rupee weakens by 6 paise against dollar in early trade
Appreciation of the US currency overseas affected the rupee
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<a href="http://www.shutterstock.com/pic-111991067/stock-photo-dice-on-rupee-coins-on-indian-currency-notes.html" target="_blank">Rupee</a> image via Shutterstock
The rupee fell by six paise at 62.32 against the dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the US currency overseas.
Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.
The rupee had inched up by one paisa against the American currency to end at 62.26 in yesterday's trade.
Meanwhile, the benchmark BSE Sensex recovered by 87.88 points, or 0.31%, at 28,249.60 in early trade today.
Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.
The rupee had inched up by one paisa against the American currency to end at 62.26 in yesterday's trade.
Meanwhile, the benchmark BSE Sensex recovered by 87.88 points, or 0.31%, at 28,249.60 in early trade today.
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First Published: Mar 25 2015 | 9:48 AM IST