Rupee declines 8 paise against dollar in early trade

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Rupee declines 8 paise against dollar in early trade

Published : Jan 4, 2018, 10:27 am IST
Updated : Jan 4, 2018, 10:27 am IST

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Mumbai: The rupee weakened by 8 paise to trade at 63.61 against the US dollar in opening session today due to increased demand for the American currency from importers.

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The dollar's gains against major world currencies after a strong US manufacturing data also impacted the rupee sentiment, a currency dealer said.

Yesterday, the rupee had retreated from its multi-year high and ended marginally lower by 5 paise at 63.53 against the US currency. Meanwhile, the benchmark BSE Sensex recovered by 123.37 points, or 0.36 percent, at 33,916.75 in early trade today. PTI

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