Indian rupee drops 5 paise against US Dollar in early trade

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Mumbai | Published: April 13, 2015 10:45:11 AM

The Indian rupee fell by 5 paise to 62.36 against the US dollar in early trade today at the Interbank Foreign Exchange...

Indian Rupee, rupee gains, US dollar, Rupee to dollar, Rupee vs dollar, dollar rate, dollar rate today, Interbank Foreign Exchange, BSE SensexThe Indian rupee on Friday had lost 7 paise to 62.31 on fresh demand for US dollar from banks and importers as the greenback firmed up overseas on upbeat US jobs data.

The Indian rupee fell by 5 paise to 62.36 against the US dollar in early trade today at the Interbank Foreign Exchange on rising demand for the American currency from importers.

Forex dealers attributed the fall in the rupee to the dollar’s strength against other global currencies and increased demand for the greenback from importers.

However, a higher opening in the domestic stock market capped the rupee’s fall.

The Indian rupee on Friday had lost 7 paise to 62.31 on fresh demand for US dollar from banks and importers as the greenback firmed up overseas on upbeat US jobs data.

Meanwhile, the benchmark BSE Sensex regained the 29,000-mark by rising 125.65 points, or 0.43 per cent, to 29,005.03 in early trade today.

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