The rupee fell by 24 paise to 53.80 against the dollar
in early trade on Monday at the Interbank Foreign Exchange on month-end
demand for the American currency from oil importers.
Besides,
euro’s weakness against the US dollar overseas on eurozone concerns
also put pressure on the local unit, forex dealers said.
However, a higher opening in the stock market capped the rupee’s losses, they added. Meanwhile, the BSE benchmark Sensex rose by 85.16 points, or 0.46 per cent, to 18,710.50.
The
rupee had gained 16 paise to end at 53.56 against the dollar in the
previous session on Thursday on rise in local equities amid fresh
selling of the American currency by exporters.[ Via ]
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