Indian Rupee down 10 paise against dollar

Mumbai, India (BBN)-Indian rupee lost 10 paise against the US dollar at 64.16 in early trade on Monday, extending its weakness for the third straight day at the Interbank Foreign Exchange.

Forex dealers attributed the rupee’s fall to continued demand for the dollar from importers and euro’s weakness against the American currency after negotiations between Greece and its creditors broke off, reports the Press Trust of India.

Indian rupee had depreciated 9 paise to close at 64.06 against the US currency in the previous session on Friday.

Meanwhile, the benchmark BSE Sensex fell 117.46 points, or 0.44 per cent, to 26,307.84 in early trade.

BBN/SK/AD

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