Rupee down 20 paise against dollar in early trade:
The rupee weakened by 20 paise to 61.93 against the dollar in early trade today on the Interbank Foreign Exchange market.
Fresh demand for the US currency from importers put pressure on the
rupee, but a higher opening in the domestic equity market and dollar's
weakness against other currencies overseas, as a budget deadlock in
Washington showed no signs of ending, capped the fall, dealers said.
The rupee had appreciated by 73 paise to close at an almost
seven-week high of 61.73 against the dollar in the previous session as
the US currency weakened globally.
Meanwhile, the BSE benchmark Sensex rose by 60.89 points, or 0.31%, to 19,962.96 in early trade today
ANAND
PGDM-I SEM
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