Indian Rupee down 7 paise against US dollar in early trade

Mumbai, India (BBN)-Indian rupee depreciated 7 paise to 66.26 against the dollar in early trade on Thursday on foreign fund outflows amid appreciation in the US currency overseas.
Dealers attributed the rupee’s fall to fresh demand for the US currency from importers and banks, reports PTI.
However, early gains in domestic stock markets capped the rupee losses, they said.
The rupee had gained 3 paise to close at 66.19 per dollar on Wednesday on fag-end selling of dollars by banks and exporters.
The benchmark BSE Sensex recovered by 215.57 points, or 0.84 per cent to 25,669.13 in early trade on Thursday.
BBN/SK/AD

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