Rupee sheds 6 paise to 61.77 a dollar at the Interbank Foreign Exchange market as the US dollar strengthens overseas.
Slipping from over two-month high, the rupee shed 6 paise to 61.77 a dollar in early trade today at the Interbank Foreign Exchange market as the US currency strengthened overseas.
Dealers said besides dollar’s gains against other currencies overseas, increased demand for the American unit from importers put pressure on the rupee but a higher opening in the domestic equity markets capped losses.
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
Meanwhile, the benchmark BSE Sensex was trading higher by 112.16 points, or 0.40 per cent, at 28,374.17 in early trade. PTI SUN KPS MKJ 01200936