Mumbai, India (BBN) – Indian rupee depreciated by 23 paisa to 64.78 against the dollar in early trade on Tuesday due to increased demand for the US currency from importers.
Early losses in stock markets too kept pressure on the domestic unit, reports the PTI quoting dealers.
Yesterday, the rupee had firmed up by 9 paisa to 64.55 on dollar unwinding amid continued political worries in the US.
Meanwhile, the benchmark BSE Sensex fell by 85.17 points or 0.28 per cent to 30,485.80 in early deals today.
As per provisional exchange data, foreign investors sold shares worth Rs 321 crore on net basis yesterday.
No Subscription? You Are Missing Out!
Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!