Rupee slips 4 paise against dollar in early trade
Rupee slips 4 paise against dollar in early trade
The rupee depreciated by 4 paise to 63.94 against the US currency in early trade today on dollar demand from importers.
The rupee's weakness against the dollar was in line with global trend where the greenback rose against global currencies on better-than-expected US growth data.
Domestic markets opening higher however helped the rupee cap losses, currency traders said.
Yesterday, the rupee had closed at 63.90 against the American currency by gaining 11 paise on bouts of dollar unwinding from exporters and corporates.
The benchmark BSE Sensex advanced by 71.31 points or 0.22 per cent to 31,801.80 in early trade today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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.