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Rupee Slides 9 Paise Against Dollar In Early Trade

The rupee weakened further by 9 paise to 64.27 against the dollar in early trade on Friday at the forex market on increased demand for the American currency from importers and banks

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The rupee weakened further by 9 paise to 64.27 against the dollar in early trade on Friday (5 May) at the forex market on increased demand for the American currency from importers and banks.

Besides, strength in the dollar against some other currencies overseas also weighed on the domestic currency.

Dealers attributed the rupee’s fall to increased demand for the US currency and a lower opening in the domestic equity market.

Yesterday, the rupee had shed 3 paise to close at 64.18 against the dollar on fresh demand for the dollar.

Meanwhile, the benchmark BSE Sensex fell 133.04 points, or 0.44 per cent, to 29,993.17 in early trade today.


(PTI)


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rupee dollar forex exchange rate early trade stock market