Indian rupee falls 22 paise against US dollar

Written by PTI | Mumbai | Updated: Mar 11 2014, 00:49am hrs
Indian rupeeThe Indian rupee dropped 22 paise to 61.29 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh demand for the American currency from importers.
The Indian rupee dropped 22 paise to 61.29 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh demand for the American currency from importers.

The Indian rupee had gained 4 paise to close at a new three-month high of 61.07 against the US dollar on Friday helped by heavy capital inflows.

Forex dealers said a weak opening in the domestic equity market also weighed on the rupee, but the dollar's weakness against the euro limited the fall of the local currency.

Meanwhile, the BSE Sensex fell by 47.30 points, or 0.22 per cent, to 21,872.49 in early trade today.