Indian Rupee down 5 paise against US dollar

Mumbai, India (BBN)-Indian rupee fell marginally by 5 paise to 63.66 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas on the back of strong US economic data.
Besides, increased demand for the dollar from importers weighed on the local currency, but a higher opening in the domestic equity market capped the losses, forex dealers said, reports the Press Trust of India.
Yesterday, the rupee ended marginally higher by three paise to 63.61 against the US currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equities.
BBN/SK/AD

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