The rupee depreciated by 8 paise to trade at 66.95 against the US dollar in early trade, due to sustained demand for the American unit from importers and banks amid a lower opening in the domestic equity market.
This was the fifth consecutive day of fall.
- Rupee falls 26 paise to 72.76 against US dollar in early trade
- Rupee recovers 21 paise to 72.91 against US dollar
- Rupee falls 16 paise to 73.61 against US dollar in early trade
- Rupee gains 8 paise to 73.24 against US dollar in early trade
- Rupee gains 6 paise against US dollar
- Rupee softens 9 paise against US dollar in early trade
Forex dealers said apart from increased demand for the US currency from importers, foreign fund outflows and rising global crude oil prices amid dollar’s gains against other currencies overseas put pressure on the rupee.
The domestic unit had lost 7 paise to close at 66.87 in Tuesday’s trade.
Meanwhile, benchmark BSE Sensex tumbled by 210.46 points or 0.81 per cent to 25,563.15 in early trade.