Rupee down 5 paise against dollar

July 02, 2015 09:47 am | Updated 09:47 am IST - Mumbai

The rupee fell marginally by 5 paise to 63.66 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas on the back of strong US economic data.

Besides, increased demand for the dollar from importers weighed on the local currency, but a higher opening in the domestic equity market capped the losses, forex dealers said.

On Wednesday, the rupee ended marginally higher by three paise to 63.61 against the US currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equities.

Meanwhile, the benchmark Sensex climbed 95.09 points, or 0.33 per cent, to 28,115.96 in early trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.