Rupee Extends Weakness, Down 13 Paise Against US Dollar

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Falling for the fourth straight session, the rupee on Monday weakened by another 13 paise to 63.70 against the U.S. dollar in early trade.

Dealers attributed this fall to dollar's gains against other currencies overseas and year-end demand from importers for the American currency but a higher opening in the domestic equity market capped the losses.

Rupee Extends Weakness, Down 13 Paise Against US Dollar

The rupee had slipped 6 paise to close at 63.57 against the dollar in Friday's trade.

Meanwhile, the benchmark BSE Sensex rose by 265.47 points, or 0.97 per cent, at 27,507.25 in early trade.

PTI

Read more about: dollar, currency
Story first published: Monday, December 29, 2014, 10:34 [IST]
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