Rupee down 6 paise against dollar in early trade

PTI

Business, Market

Increased demand for the American currency from importers and banks kept the dollar in fine shape.

Rupee is trading at 64.59 against the US dollar in early trade.

Mumbai: The rupee traded lower by 6 paise at 64.59 against the US dollar in early part today, pressured by a lower opening in the domestic stock market.

Increased demand for the American currency from importers and banks kept the dollar in fine shape.

Forex dealers said the euro hitting a 10-month high against the greenback, however, capped the rupee's fall.

Yesterday, the rupee had settled almost flat at 64.53 against the US currency following fag-end dollar demand.

Meanwhile, the benchmark Sensex moved down by 76.62 points, or 0.24 per cent, at 30,881.63 in early trade today.

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