Business Market 08 Jun 2017 Rupee weakens 6 pais ...

Rupee weakens 6 paise against dollar in early trade

PTI
Published Jun 8, 2017, 9:49 am IST
Updated Jun 8, 2017, 9:49 am IST
Rupee depriciated due to increased demand for the American currency from importers and banks.
Representational Image
 Representational Image

Mumbai: The rupee depreciated by 6 paise to 64.39 against the US dollar in early trade today at the forex market on increased demand for the American currency from importers and banks.

Besides, dollar's gains against its rivals overseas also weakened sentiment locally. However, a higher opening in the domestic equity market capped the losses to some extent.

 

Yesterday, the rupee had ended 10 paise up at nearly three-week high of 64.33 against the dollar after the Reserve Bank lowered its inflation forecast while keeping the policy

rates unchanged. Meanwhile, the benchmark Sensex rose 83.23 points, or 0.26 per cent, to 31,354.51 in early trade.

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