Rupee weakens 8 paise against dollar in early trade

Dealers attributed the rupee's fall to increased demand for the US currency from importers.

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Dealers attributed the rupee’s fall to increased demand for the US currency from importers.

The rupee weakened by 8 paise to 65.44 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Dealers attributed the rupee’s fall to increased demand for the US currency from importers. However, a higher opening in the domestic equity market capped the losses.

The rupee had closed yesterday at a fresh 16-month high of 65.36 against the greenback in the face of dollar unwinding from exporters and banks. Meanwhile, the benchmark Sensex recovered by 56.92 points, or 0.19 per cent, to 29,575.66 in early trade.

The RJD’s key face and Leader of the Opposition (LoP) Tejashwi Yadav, party supremo Lalu Yadav’s son, will again contest from his stronghold Raghopur.

Amid Mahagathbandhan crisis, RJD unveils list of 143, drops 36 MLAs, focuses on ‘M-Y’

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The RJD, lead player of the Mahagathbandhan, released its full list of 143 candidates for the November Bihar Assembly elections. Its key face Tejashwi Yadav will contest from Raghopur, and 41 sitting MLAs have been renominated. The party has dropped 36 sitting MLAs and fielded young leaders, signaling a bid to consolidate its core Muslim-Yadav vote base. The Congress has fielded 60 candidates.

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