Continuing its slide for the third straight day, the rupee depreciated further by 11 paise to 67.59 against the US dollar in early trade on Wednesday on sustained demand for the American currency from importers and banks.
Dealers attributed the rupee’s fall to persistent demand for the US currency, but dollar’s weakness against euro and other currencies overseas and a higher opening in the domestic equity market restricted the loss.
- Rupee drops 17 paise against US dollar
- Sensex climbs 181 points on global cues, Rupee slips 7 paise against dollar in early trade
- Rupee recovers from 14-month low in opening trade, up 11p against US dollar
- Rupee weakens 21 paise against dollar in early trade
- Rupee sheds nine paise against US dollar
- Rupee down 8 paise against US dollar; retreats from 29-month high
The domestic unit closed lower by 17 paise at 67.48 in yesterday’s trade on persistent dollar demand from banks and importers amidst weakness in equities.
Meanwhile, the benchmark BSE Sensex recovered 30.41 points, or 0.11 per cent, to 26,843.19 in early deals.