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Rupee Down 5 Paise Against Dollar In Early Trade

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The Indian rupee fell marginally by five paise to 60.52 against the US dollar in early trade on Monday (25 August) at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.

Forex dealers said besides the dollar's gains against other currencies overseas, increased demand from importers for the American unit put pressure on the rupee but a higher opening in the domestic equity market, capped the losses.

The rupee recovered 20 paise to close at over three-week high of 60.47 against the US dollar in the previous session on Friday following strong local equities and capital inflows.

Meanwhile, the Bombay Stock Exchange benchmark Sensex jumped 130.96 points, or 0.49 per cent, to hit an all-time high of 26,540.51 in early trade on Monday.

(PTI)