Rupee Down 9 Paise Vs Dollar In Early Trade


Mumbai: The rupee depreciated by 9 paise to 66.80 against the U.S. dollar in early trade today due to appreciation in the American currency overseas with the Fed meeting coming within a week and U.S. monetary policy expected to be tightened.

Dealers also attributed the rupee's fall to fresh demand for the U.S. currency from importers and banks and early losses in domestic stock markets.

The Indian rupee had appreciated by 12 paise to end at 66.71 against the greenback in yesterday's trade following heavy dollar selling from banks and exporters.

Meanwhile, the benchmark BSE Sensex was down 61.31 points or 0.24 percent at 25,191.01 in early trade.

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Source: PTI