Rupee down 5 paise against dollar in early trade

Wednesday, Jul 20, 2016,11:17 IST By metrovaartha A A A

Mumbai | Rupee depreciated by 5 paise to 67.15 against the US dollar in early trade Wednesday due to fresh demand for the American currency from importers.

Dealers attributed the rupee’s fall to increased demand for the US currency from importers, but dollar’s weakness against some currencies overseas and a higher opening in domestic equity market restricted the loss. The domestic unit had staged a recovery by gaining 10 paise to 67.10 against dollar in yesterday’s trade on fresh selling of the American currency by exporters and banks.

Meanwhile, the benchmark BSE Sensex advanced by 117.09 points or 0.42 per cent to 27,904.71 in early trade.

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