Indian rupee falls by six paise against US dollar

A weakness in the US dollar against some currencies in the global market hit by weaker-than-expected durable goods orders data, however, limited the fall.

By: PTI | Mumbai | Published: April 27, 2016 10:19 am
indian rupee, indian rupee fall, inr, usd, rupee, dollar, us dollar, against us dollar, american dollar, usa, india, business news, economy, market, india news On Tuesday, the rupee had gained 10 paise to close at 66.52 against the dollar. (Photo Reuters)

Rupee weakened by 6 paise to 66.58 against the dollar in early trade at the Interbank Foreign Exchange market largely due to month-end demand for the US currency from importers.

The month-end demand from banks and importers and a lower opening of the domestic equity market mainly weighed on the rupee, forex dealers said.

A weakness in the US dollar against some currencies in the global market hit by weaker-than-expected durable goods orders data, however, limited the fall, they added.

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On Tuesday, the rupee had gained 10 paise to close at 66.52 against the dollar on fag-end selling of the American unit by banks and exporters and a strong bounce-back by domestic equities.

Meanwhile, the benchmark BSE Sensex was trading lower by 122.06 points, or 0.46 per cent, at 25,885.24 in early deals.

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