Rupee Depreciates 4 Paise vs US Dollar

Published: 30th December 2015 10:01 AM  |   Last Updated: 30th December 2015 10:01 AM   |  A+A-


The local currency had gained 21 paise to close at 66.33 in the previous session on fresh selling of dollars by banks. | (File/Reuters)


MUMBAI: The rupee weakened by another 4 paise to 66.44 against the dollar in early trade today at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers.

Forex dealers said mainly sustained month-end demand from banks and importers weighed. A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, however, limited the fall.

Yesterday, snapping its eight-day long winning streak against the American currency, the rupee had dropped by 21 paise to 66.40.

Meanwhile, the benchmark BSE Sensex was trading higher by 48.88 points, or 0.18 per cent, at 26,128.36 in early deals.

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