Rupee weakens by 8 paise against the dollar

On Wednesday, the rupee had lost 5 paise to end at 66.51, halting its rally of three straight sessions on fresh demand for the American currency from importers and banks.

By: PTI | Mumbai | Published:October 6, 2016 10:01 am
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The rupee weakened further by 8 paise to 66.59 against the dollar Thursday following increased demand for the American currency from importers. Forex dealers said strength of the dollar overseas also weighed, but a higher opening in the domestic equity market capped the losses.

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On Wednesday, the rupee had lost 5 paise to end at 66.51, halting its rally of three straight sessions on fresh demand for the American currency from importers and banks amid a bout of global risk aversion.

The benchmark BSE Sensex recovered 103.56 points, or 0.36 per cent, to 28,324.54 in early trade Thursday.