Rupee down by 13 paise against dollar in early trade

Rupee is trading at 59.85 against the US dollar on Monday

Update: 2014-07-07 10:15 GMT
Picture for representational purpose (Photo: DC archives)

Mumbai: The rupee lost 13 paise to 59.85 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market, due to demand for the US currency from importers. Forex dealers said strengthening of the dollar against other currencies in global markets, boosted by the US jobs  report, also put pressure on the rupee but a higher opening of  the domestic equity market, limited the fall. 

The domestic currency had closed higher by just one paisa  at 59.72 on Friday on alternate bouts of demand and supply.  Meanwhile, the benchmark BSE Sensex breached the 26,000  mark for the first time by surging 137.29 points, or 0.52 per  cent, to trade at a new record-high of 26,099.35 in opening  trade today    

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