Monday; June 20, 2016:Rupee drops by 61 paise to 67.69 against the US dollar in the opening trade. RBI Governor Raghuram Rajan said, “No to a second term in the post”.

As per the forex dealers said, “Besides lower opening in the domestic equity market, fresh demand for the American currency from importers also put pressure on the rupee.”

They further added, meanwhile, the dollar's weakness against some currencies overseas, restricted the rupee's losses.

Rajan day after yesterday said, “no to a second term in the post, a surprise decision the industry and opposition parties termed as nation's loss”.

However, the benchmark BSE Sensex dropped 178.03 points or 0.66 % to 26,447.88 in early trade today.