Rupee down 7 paise at 66.63 against dollar in early trade

The rupee was trading lower by 7 paise at 66.63 against the US dollar in early trade on Thursday on foreign fund outflows amid increased demand for the American currency from importers.

The rupee was trading lower by 7 paise at 66.63 against the US dollar in early trade on Thursday on foreign fund outflows amid increased demand for the American currency from importers.

The rupee was lost 7 paise to ask 66.63 every US dollar in early trade on Thursday. (Reuters file photo)

However, a weak dollar against major global currencies and a higher opening of the domestic equity market, capped the losses, forex dealers said.

The domestic unit closed higher by 11 paise at 66.56 in Wednesday’s trade on fag-end selling of the American currency by banks and exporters on the back of lower greenback overseas.

Meanwhile, the benchmark BSE Sensex recovered by 125.60 points or 0.49% to 25,722.62 in early deals.