Indian rupee down 41 paise vs US dollar

Written by PTI | Mumbai | Updated: Mar 20 2014, 16:16pm hrs
Indian rupeeThe Indian rupee fell by 41 paise to 61.36 against the dollar in early trade due to increased demand for the US currency from banks and importers amid a weak opening in local equities. (AP)
The Indian rupee today fell by 41 paise to 61.36 against the dollar in early trade due to increased demand for the US currency from banks and importers amid a weak opening in local equities.

Dealers said besides increased demand for the American currency from importers, dollar's strength against other currencies overseas after the US Federal Reserve hinted that the central bank could hike interest rates earlier than expected, mainly put pressure on the local unit.

The Indian rupee had gained 24 paise to close at nearly one-week high of 60.95 against the dollar yesterday following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows.

Meanwhile, the BSE Sensex fell by 86.44 points, or 0.39 per cent, to 21,746.42 in early trade today.

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