Rupee down 4 paise vs dollar in early trade

The rupee lost four paise to 55.58 against the US dollar in early trade today as the American currency gained strength against euro and other Asian currencies.

The rupee on Monday lost four paise to 55.58 against the US dollar in early trade as the American currency gained strength against euro and other Asian currencies.

HT Image

Forex dealers said besides dollar's gains in the overseas markets, a weak opening in the stock market following capital ouflows, also put pressure on the local unit.

The rupee had gained a whopping 54 paise to end at 55.54 against the dollar on Friday's trade on persistent dollar-selling by exporters amid RBI hinting at opening a separate dollar window for oil firms.

Meanwhile, the BSE benchmark Sensex fell by 161.62 points, or 1.01%, at 15,803.54 in early trade on Monday.