The Hindu file photo
Mumbai, India (BBN) - The rupee depreciated 10 paisa to 64.51 against the US dollar in early trade at the interbank foreign exchange market due to strengthening of the American currency overseas.
Dealers also attributed the rupee’s fall to increased month-end demand for the US currency from importers, reports The Hindu Business Line.
However, the rupee's losses were limited as domestic equities were trading marginally higher.
Yesterday, the rupee had gained further ground against the US currency and finished at a new two-month high of 64.41, up 9 paisa, on sustained dollar selling by exporters and corporates.
Meanwhile, the benchmark Sensex rose 67.90 points or 0.20 per cent to 33,686.49 in early trade.
BBN/MMI/ANS