Rupee plunges 17 paise against dollar on lower opening of Indian markets
Rupee falls by 7 paise against the dollar. Photo: Collin Furtado
The rupee depreciated by another 17 paise to 66.84 against the dollar in early trade on Wednesday on increased demand for the greenback from importers amid appreciation in the US currency overseas.
Dealers attributed the fall to a lower opening of the domestic equity market.
On Tuesday, the rupee had lost 9 paise to close at 66.67 against the dollar.
Meanwhile, the benchmark BSE Sensex tanked 337.49 points, or 1.31%, to 25,435.04 in early trade on Monday.