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.
- Rupee recovers 17 paise against US dollar
- Rupee in free fall, slips 8 paise to fresh 3-month low
- Rupee rebounds 15 paise in opening trade
- Rupee depreciates 10 paise against US dollar in early trade
- Rupee softens 14 paise against dollar
- Rupee down 8 paise against US dollar; retreats from 29-month high
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.