Rupee down 9 paise against dollar in early trade
MUMBAI: The rupee on Wednesday fell by 9 paise to 63.46 against the dollar
in early trade at the Interbank Foreign Exchange market due to renewed
dollar demand from importers and appreciation of the US currency.
Besides dollar's gains against other currencies, as investors await the outcome of a US Federal Reserve meeting, increased demand from importers for the American currency mainly put pressure on the rupee.
However, a higher opening in the domestic stock market, capped the losses, forex dealers said.
Besides dollar's gains against other currencies, as investors await the outcome of a US Federal Reserve meeting, increased demand from importers for the American currency mainly put pressure on the rupee.
However, a higher opening in the domestic stock market, capped the losses, forex dealers said.
nitesh kumar singh
pgdm 1 st
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