Mumbai:June 10, 2016,the rupee was trading lower by 16 paise at 66.87 against the US dollar on higher demand for the American currency from importers and banks.

As per the dealers said, “attributed the rupee's fall to increased demand for the US currency, but dollar's weakness against some currencies overseas made sure the losses do not mount”.

The home unit closed lower by 6 paise at 66.71 in yesterday’s trade due to fag-end dollar insists from banks and exporters on the back of senior crude oil prices during a fall in domestic equities.

However, the benchmark BSE Sensex fell 80.38 points, or 0.30 %, to 26,683.08 in early deals.