Rupee depreciates 4 paise vs US dollar in early trade | business | Hindustan Times
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Rupee depreciates 4 paise vs US dollar in early trade

The rupee weakened by another 4 paise to 66.44 against the dollar in early trade Wednesday at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers.

business Updated: Dec 30, 2015 09:56 IST
The rupee weakened by another 4 paise to 66.44 against the dollar in early trade. (File Photo)
The rupee weakened by another 4 paise to 66.44 against the dollar in early trade. (File Photo)

The rupee weakened by another 4 paise to 66.44 against the dollar in early trade Wednesday at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers.

Forex dealers said mainly sustained month-end demand from banks and importers weighed. A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, however, limited the fall.

Yesterday, snapping its eight-day long winning streak against the American currency, the rupee had dropped by 21 paise to 66.40. Meanwhile, the benchmark BSE Sensex was trading higher by 48.88 points, or 0.18%, at 26,128.36 in early deals.