The rupee on Friday lost 9 paise to Rs. 61.55 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas.
Increased demand for the dollar from importers also put pressure on the rupee.
Dealers attributed the rupee’s fall to dollar gains against the euro overseas and a lower opening in the domestic stock market.
The rupee had closed 13 paise higher at Rs. 61.46 a dollar in Thursday’s trade after banks and exporters sold the US currency as it weakened overseas.
Source:- thehindu.com
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