Mumbai, India (BBN) – The Indian rupee declined by 27 paisa to 65.57 per US dollar in early trade due to dollar's strength against other currencies overseas.
Forex dealers said strengthening of dollar against major global currencies hit the rupee sentiment, reports The Hindu Business Line quoting PTI.
Early losses in stock markets and demand for the US currency from importers also weighed on the rupee, they added.
Yesterday, the rupee had gained 6 paise to close at a nearly 17-month high of 65.30 in a fairly volatile trading.
Meanwhile, the benchmark BSE Sensex fell 221.71 points or 0.75 per cent to 29,263.74 in early trade.
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