Rupee down 5 paise vs dollar in early trade

The rupee had gained eight paise to close at one-week high of Rs 49.22/23 against US currency on Wednesday.

Written by Agencies | Mumbai | Published: February 23, 2012 10:23:14 am

The rupee fell marginally by 5 paise to 49.27 against the US dollar on the Interbank Foreign Exchange market in early trade on Thursday,following increased demand for the American currency from importers.

However,a higher opening in the equity market capped the rupee’s losses.

Dealers said apart from dollar gains against the euro,increased demand for the American currency from importers mainly weighed on the rupee sentiment.

The rupee had gained eight paise to close at one-week high of Rs 49.22/23 against the US currency on Wednesday.

The BSE benchmark Sensex rose by 56.79 points,or 0.31 per cent,to 18,202.04 in early trade.

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