Rupee weakens 5 paise against dollar in early trade

The benchmark BSE Sensex advanced by 72.87 points, or 0.26 per cent, to 27,988.76 in early trade.

By: PTI | Mumbai | Published:July 21, 2016 10:50 am
rupee fall, rupee against dollar, rupee dollar, dollar demand, dollar against rupee, Indian currency rate falls, India rupee rate, Indian economy, business market, latest news, Indian rupees, Indian Rupees drops against dollar, indian currency rate, rupee rate, business news, currency market, business market, stock exchange, latest news A higher opening in the domestic equity market capped the losses. (File photo)

Rupee depreciated by 5 paise to 67.25 against the US dollar in early trade at the Interbank Foreign Exchange market due to sustained demand for the American currency from importers and banks.

Dealers attributed the rupee’s fall to increased demand for the American unit from importers and dollar’s strength against some other currencies overseas. However, a higher opening in the domestic equity market capped the losses.

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The rupee had ended lower by 10 paise to 67.20 against dollar in Wednesday’s trade due to fresh demand for the greenback from importers and banks.

Meanwhile, the benchmark BSE Sensex advanced by 72.87 points, or 0.26 per cent, to 27,988.76 in early trade.

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