Rupee down 8 paise against dollar in early trade
Mumbai: The rupee lost 8 paise to 67.93 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American unit from importers and banks amid a lower opening in the domestic equity market.
Moreover, sustained capital outflows also weighed on the domestic unit but dollar's weakness against some currencies overseas limited the rupee's fall, forex dealers said.
On Wednesday, the rupee had gained 5 paise to 67.85 on persistent selling of dollars by banks and exporters in view of weaker American currency in the overseas market despite fall in domestic equities.
Meanwhile, the benchmark BSE Sensex fell by 148.20 points or 0.62 per cent to 23,610.20 in early trade.