MUMBAI: The rupee was trading lower by 29 paise at 66.92 against the American currency in early trade on Monday at the Interbank Foreign Exchange market.
Forex dealers said increased demand for the U.S. currency from importers and dollar’s gains against other currencies overseas put pressure on the rupee.
On Friday, the rupee had gained 30 paise to end at 66.63 against the American currency following a heavy dollar selling by banks and exporters.
Meanwhile, the Sensex fell by 335.43 points, or 1.34 percent, to 24,598.90 in opening trade.
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Rupee Rebounds 30 Paise against Dollar in Early Trade
