Indian rupee down 8 paise against US dollar in early trade

Jul 30 2014, 10:22 IST
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Indian rupee depreciated by 8 paise to 60.21 against the US dollar in early trade today. (Reuters) Indian rupee depreciated by 8 paise to 60.21 against the US dollar in early trade today. (Reuters)
SummaryThe rupee had weakened by 3 paise to end at nearly a one-week low of 60.13 against the dollar on Monday.

Indian rupee depreciated by 8 paise to 60.21 against the US dollar in early trade today, extending losses for the fourth day at the Interbank Foreign Exchange market due to month-end demand for the American currency from importers.

The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

The rupee had weakened by 3 paise to end at nearly a one-week low of 60.13 against the dollar on Monday. Forex market remained closed yesterday on account of "Id-ul-Fitr".

Meanwhile, the benchmark BSE Sensex fell 61.40 points, or 0.29 per cent, to 25,929.83 in early trade today.

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