Indian rupee down 15 paise to 61.88 against US dollar

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SummaryIndian rupee drops against US dollar after American unit gains against other currencies overseas.

The Indian rupee today lost 15 paise to 61.88 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas.

The Indian rupee had gained 39 paise to close at 61.73 against the dollar in yesterday's trade.

Markets Top Gainers, Markets Top Losers

Dealers attributed the Indian rupee's fall to dollar gains against yen as expectations grow that the Fed will announce a cut in its stimulus programme after its two-day meeting, but a higher opening of the domestic equity market capped the losses.

Meanwhile, the benchmark BSE Sensex was up by 93.51 points, or 0.45 per cent, at 20,753.03 in early trade today.

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