The rupee weakened 12 paise to quote at 68.74 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on Monday on month-end demand for the American currency from importers and banks.
A firm dollar against some global currencies overseas and a lower opening of the domestic equity market weighed on the rupee, dealers said.
- Rupee recovers 10 paise against US dollar in early trade
- Rupee recovers, ends on week high of 71.84 against US dollar
- Rupee snaps 7-day falling streak, vaults 26 paise to end at 71.73 on RBI aid
- Rupee hits 71-mark for first time ever, drops 26 paise against US dollar
- Rupee sinks to new low of 70.52, slumps 42 paise against US dollar
- Rupee up marginally by two paise; US-China trade tiff weighs
The rupee bounced back by 10 paise to end at 68.62 against the American currency in Friday’s trade on fag-end selling of dollars on the back of a recovery in the equity market.
Meanwhile, the benchmark BSE Sensex fell 58.60 points, or 0.25 per cent, to 23,095.70 in early trade.