Mumbai, India (BBN)-Falling for the second straight day, Indian rupee depreciated further by 7 paise to 65.12 against the US dollar in early trade Wednesday on increased demand for the US currency from importers.
Forex dealers said dollar’s weakness against other currencies in global markets also weighed, but a higher opening in the domestic equity market capped the losses, reports the PTI.
Indian rupee fell 25 paise to 65.05 against the US dollar in yesterday’s trade on fresh US dollar demand from banks.
Meanwhile, the benchmark BSE Sensex was trading higher by 73.30 points, or 0.26 per cent, to 27,380.13 in early deals.