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EconoMix

Rupee down 6 paise against dollar in early trade

Wednesday, Aug 31, 2016,10:21 IST By metrovaartha A A A

Mumbai | The rupee weakened by 6 paise to 67.08 against the dollar in early trade Wednesday at the Interbank Foreign Exchange market on month-end demand for the American currency from importers.

Forex dealers said strength in the dollar against some other currencies overseas also weighed on the rupee but a higher opening in the domestic equity market capped the losses.

Yesterday, the rupee had gained 16 paise to close at 67.02, its highest level in a month, on heavy selling of the greenback by exporters and banks.

The benchmark BSE Sensex rose by 131.37 points or 0.46 per cent to 28,474.38 in early trade Wednesday.