Rupee down 7 paise against dollar in early trade

The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas.

The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas. Dealers attributed the fall to the dollar's gains against other currencies overseas and month-end demand from importers for the US currency. Besides, a lower opening in domestic equity market put pressure on the rupee.

On Wednesday, the rupee closed unchanged against the US dollar at 61.41 ahead of the outcome of the US Federal Reserve's policy meeting.

Meanwhile, the benchmark BSE Sensex was down by 152.74 points, or 0.51%, at 29,406.44 in early trade on Thursday.