1. Indian rupee slips 6 paise to 68.64 against dollar in early trade

Indian rupee slips 6 paise to 68.64 against dollar in early trade

Dealers attributed the rupee's fall to dollar gains against other currencies overseas and a lower opening in the domestic equity market.

By: | Mumbai | Updated: February 24, 2016 10:04 AM
Indian rupee vs US dollar: The Indian rupee again broke below the 68-mark by depreciating 26 paise to 68.20 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange due to increased demand for the American unit from importers and banks amid a lower opening in the domestic equity market. Indian rupee vs US dollar: Dealers attributed the rupee’s fall to dollar gains against other currencies overseas and a lower opening in the domestic equity market. (Photo: AP)

The Indian rupee on Wednesday lost 6 paise to 68.64 against the dollar in early trade at the inter-bank foreign exchange market due to appreciation of the US currency overseas.

Increased demand for the dollar from importers added to pressure on the rupee.

Dealers attributed the rupee’s fall to dollar gains against other currencies overseas and a lower opening in the domestic equity market.

On Tuesday, the rupee had gained three paise at 68.58 against the US dollar on mild selling of the American currency by banks and exporters despite a higher greenback in overseas markets.

Meanwhile, the benchmark BSE Sensex fell 141.89 points, or 0.60 per cent, to 23,268.29 in opening trade on Thursday.

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