Mumbai, India (BBN)-Indian rupee again breached the 67 mark by depreciating 26 paise to trade at a one-month low of 67.11 against the dollar in early trade on Thursday, mainly due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market.
Moreover, sustained capital outflows weighed on the domestic unit but the dollar’s weakness against some other currencies overseas limited the rupee’s fall, traders said, reports the PTI.
The rupee had closed one paise higher at 66.85 against the US currency in Wednesday’s trade on mild selling of dollars by banks and exporters.
Meanwhile, the benchmark BSE Sensex tumbled by 365.08 points, or 1.46 per cent to 24,489.03 in early trade.