Rupee depreciates 15 paise against dollar; equities weigh
According to dealers, a firm US dollar against some global currencies overseas and a lower opening of the domestic equity market weighed.
The rupee depreciated by 15 paise to quote at 66.55 against the dollar at the Interbank Foreign Exchange (forex) Market in early trade on Friday on increased demand for the American currency from importers and banks.
Dealers said a firm US dollar against some global currencies overseas and a lower opening of the domestic equity market weighed.
The rupee had dropped by 18 paise to end at 66.40 in Thursday's trade on fresh demand for the US dollar from banks and importers despite weakness in the greenback overseas.
Meanwhile, the benchmark Bombay Stock Exchange's (BSE) Sensex fell 72.01 points, or 0.28%, to 25,808.37 in early trade.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.