Rupees fall down by 10 paise against dollars, in early trade

Apr 04 2016 11:40 AM
Rupees fall down by 10 paise against dollars, in early trade

Today, in early trade Rupee fall down by 10 paise to 66.36 against the US currency at the Interbank Foreign Exchange it is said the fall in rupees caused due to increased demand for the dollar from importers.

Dealers attributed the rupee's fall to increased demand for the US currency but a higher opening of the domestic equity market and the dollar's weakness against some currencies overseas, capped the losses.

The rupee had gained 11 paise to close at a fresh three-month high of 66.26 on Thursday on persistent selling of US dollars by banks and exporters in view of sustained foreign capital inflows. Forex market remained closed on Friday for annual account closing.

Meanwhile, in the early trade  the benchmark BSE Sensex advanced by 132.46 points or 0.52 per cent to 25,402.10 

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