Mumbai, India (BBN) – Indian Rupee depreciated by 13 paisa to 66.82 against the US dollar in early trade on Wednesday on increased demand for the dollar from importers.
Dealers attributed the rupee’s fall to increased demand for the US currency and the dollar’s strength against some currencies overseas but a higher opening of the domestic equity market on better-than-expected GDP growth in October-December quarter, capped the losses, reports The Times of India quoting PTI.
The rupee had gained 2 paisa to close at 66.69 in an extremely thin and lethargic trade yesterday owing to stray dollar selling form banks and exporters.
Meanwhile, the benchmark BSE Sensex rebounded by 141.51 points, or 0.49 per cent, to 28,884.83 in early trade.