Rupee loses 19 paise against dollar in early trade

Rupee loses 19 paise against dollar in early trade
Rupee loses 19 paise against dollar in early trade

The rupee depreciated 19 paise to 63.93 against the dollar in early trade today at the Interbank Foreign Exchange due to rise in the greenback against other currencies overseas buoyed by a possible US Fed rate hike.

Dealers also attributed the rupee's fall to increased demand for the US currency from importers. However, a higher opening in the domestic equity market capped the losses to some extent.

Yesterday, the rupee surged 30 paise to close at a two-week high of 63.74 on selling of the greenback by banks and exporters owing to a lower dollar overseas. Meanwhile, the benchmark BSE Sensex recovered 213.52 points, or 0.76 per cent, to 28,285.45 in early trade today.

Rupee loses 19 paise against dollar in early trade