Indian Rupee down 29 paise against US dollar in early trade

Mumbai, India (BBN)-Indian rupee was trading lower by 29 paise at 66.92 against the American currency in early trade on Monday at the Interbank Foreign Exchange market.
Forex dealers said increased demand for the US currency from importers and dollar’s gains against other currencies overseas put pressure on the rupee, reports the PTI.
On Friday, the rupee had gained 30 paise to end at 66.63 against the American currency following a heavy dollar selling by banks and exporters.
Meanwhile, the Sensex fell by 335.43 points, or 1.34 per cent, to 24,598.90 in opening trade.
BBN/SK/AD

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!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription