te Rupee trades lower by 12 paise against dollar in early trade | Zee Business

Rupee trades lower by 12 paise against dollar in early trade

According to dealers, strength in the US dollar against other overseas currencies and a lower opening in domestic equities also kept the pressure on the domestic unit. 

Rupee trades lower by 12 paise against dollar in early trade
Image Source: ZeeBiz WebTeam

The rupee was trading lower by 12 paise at a fresh two-week low of 66.70 against the US dollar in early trade on Tuesday on increased demand for the American currency from importers.

Besides, strength in the US dollar against other overseas currencies and a lower opening in domestic equities also kept the pressure on the domestic unit, dealers said.

On Monday, the rupee ended lower by 4 paise, hitting a two-week low of 66.58 on fag-end dollar demand from banks and importers amid higher greenback in the global markets, despite a sharp recovery in domestic equities.

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Meanwhile, the benchmark Bombay Stock Exchange's (BSE) Sensex fell by 34.71 points, or 0.13%, to 25,654.15 in early trade.

 

 

 

Updated: Tue, May 10, 2016
10:13 am
Mumbai , PTI
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