Rupee weakens by 12 paise against dollar in early trade
The rupee declined by 12 paise to 64.10 against the US dollar in early trade on Friday, extending weakness for the second day due to appreciation of the American currency overseas.
Besides, month-end demand for the American currency from importers weighed on the rupee but a higher opening in the domestic equity market capped the losses, forex dealers said.
The rupee had shed 13 paise to close at 64.04 against the US currency in the previous session. Meanwhile, the benchmark BSE Sensex surged by 260.17 points or 0.93% at 27,965.52 in early trade on Friday.