Indian rupee down 6 paise against US dollar

Jul 11 2014, 10:01 IST
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SummaryThe Indian rupee lost six paise to 60.25 against the US dollar in early trade today at the Interbank Foreign Exchange...

The Indian rupee lost six paise to 60.25 against the US dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the American currency against other currencies overseas.

Sustained demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.

Moving in tandem with equities, the rupee yesterday tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar.

Meanwhile, the benchmark BSE Sensex was up by 167.57 points, or 0.66 per cent, at 25,540.32 in early trade today.

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