The rupee depreciated by 11 paise to 67.42 against dollar in early trade on Tuesday due to sustained demand for the American currency from importers amid foreign fund outflows.
Besides, a weak opening in the domestic equity market weighed on the domestic unit, dealers said.
However, weakness in the dollar against major world currencies in the global market, limited the rupee fall.
The domestic unit ended lower by 23 paise on Monday to close at an over two-week low of 67.31 on heavy bouts of dollar demand amid uncertainty in the wake of RBI governor Raghuram Rajan’s decision against pursuing a second stint.
Meanwhile, the benchmark BSE Sensex fell 82.52 points, or 0.31%, to 26,784.40 in early trade.
Source:- hindustantimes.com
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