Rupee down 6 paise against dollar in early trade
The rupee lost six paise to 60.25 against the US dollar in early trade on Friday 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 on Thursday 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 on Friday.