Rupee Down 14 Paise Against Dollar in Morning Trade

Published: 02nd January 2015 09:46 AM  |   Last Updated: 02nd January 2015 09:47 AM   |  A+A-


MUMBAI: The rupee fell by 14 paise to 63.49 a dollar in early trade today at the Interbank Foreign Exchange market as the US currency strengthened overseas.

Dealers said besides dollar's gains against other currencies overseas, increased demand for the American unit from importers also put pressure on the rupee.

Domestic equity markets opening with early gains, however, capped the losses, they said.

Yesterday, the rupee suffered the worst single-day drop in over two weeks by falling 32 paise to end at 63.35 against the US dollar.

Meanwhile, the benchmark BSE Sensex was trading higher by

216.11 points, or 0.79 per cent, at 27,723.65.

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