Indian rupee down 10 paise against US dollar on Interbank Foreign Exchange

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Indian rupee today weakened further by 10 paise to 55.69 against the US dollar. (Reuters) Indian rupee today weakened further by 10 paise to 55.69 against the US dollar. (Reuters)
SummaryIndian rupee today weakened further by 10 paise to 55.69 against the US dollar.

Indian rupee today weakened further by 10 paise to 55.69 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market, capped rupee's losses to some extent.

The rupee had lost 13 paise to close at a fresh six-month low of 55.59 against the dollar after dropping to eight-month low of 56.01 intra-day in yesterday's trade.

Meanwhile, the BSE benchmark Sensex was up by 139.39 points, or 0.71 per cent, at 19,813.72 in early trade today.

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