Mumbai | The rupee depreciated by 9 paisa to 66.80 against the US dollar in early trade Friday due to appreciation in the American currency overseas with the Fed meeting coming within a week and US monetary policy expected to be tightened.
Dealers also attributed the rupee’s fall to fresh demand for the US currency from importers and banks and early losses in domestic stock markets.
The Indian rupee had appreciated by 12 paisa to end at 66.71 against the greenback in yesterday’s trade following heavy dollar selling from banks and exporters. Meanwhile, the benchmark BSE Sensex was down 61.31 points or 0.24 per cent at 25,191.01 in early trade.
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