Indian rupee down 8 paise Vs US dollar in early trade

The rupee today lost eight paise to 54.81 against the dollar in early trade.

Written by PTI | Mumbai | Published:May 14, 2013 9:49 am

The rupee today lost eight paise to 54.81 against the dollar in early trade on the Interbank Foreign Exchange market due to higher demand of the US currency from banks and importers.

Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee.

The domestic currency had closed higher by seven paise at 54.73 yesterday on fresh dollar selling by exporters and moderate FII inflows.

Meanwhile,the BSE benchmark Sensex recovered by 66.27 points,or 0.33 per cent,at 19,757.94 in early trade today.

Video of the day

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results