Rupee down 10 paise against dollar in early trade

Business

oi-Staff

By Super

Published: Thursday, January 16, 2014, 10:36 [IST]

MUMBAI: The rupee lost 10 paise to 61.64 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas.

Increased demand for the dollar from importers at current levels also put pressure on the rupee. Dealers attributed the rupee's fall to dollar's gains against major currencies overseas after solid US economic data.

They said, however, a higher opening in the domestic equity market capped the fall. The rupee had lost two paise to close at 61.54 in yesterday's trade against the dollar.

Meanwhile, the benchmark BSE Sensex rose 53.53 points, or 0.25 per cent, to 21,343.02 in early trade today.

PTI