The dollar was firm against major global currencies, which dampened rupee sentiment.
Domestic equities too opened on a firm note that supported the rupee sentiment.
Mumbai: The rupee weakened by 4 paise to quote at 68.19 against the dollar in early trade at the Interbank Foreign Exchange market today on month-end demand for the American currency from importers and banks.
The dollar was firm against major global currencies, which dampened rupee sentiment, but a higher opening of the domestic equity market capped the fall, dealers said. Yesterday, the rupee made a modest recovery to end higher by 5 paise at 68.15 against the American greenback in yet another day of extremely thin and lethargic trade.
Meanwhile, the benchmark BSE Sensex rose 105.92 points, or 0.38 per cent, to 27,481.50 in early trade.
( Source : PTI )
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