1. Indian rupee down 10 paise against dollar in early trade

Indian rupee down 10 paise against dollar in early trade

Indian rupee weakened against the US dollar today at the Interbank Foreign Exchange due to...

By: | Mumbai | Updated: November 11, 2014 9:53 AM
The rupee had gained 12 paise to close at 61.50 against the dollar in yesterday's trade. (Reuters)

The rupee had gained 12 paise to close at 61.50 against the dollar in yesterday’s trade. (Reuters)

The Indian rupee weakened by 10 paise to 61.60 against the US dollar in early trade today at the Interbank Foreign Exchange due to increased demand for the US currency from importers.

Forex dealers attributed the rupee’s weakness to increased demand for the US currency from importers and its strength against some other currencies overseas but a higher opening in the domestic equity market limited the fall.

The rupee had gained 12 paise to close at 61.50 against the dollar in yesterday’s trade on fresh selling of the US currency by banks and exporters on the back of strong capital inflows.

Meanwhile, the benchmark BSE Sensex rose by 76.16 points, or 0.27 per cent, to 27,950.89 in early trade today.

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