PTI MUMBAI, JAN 11
The rupee was trading lower by 7 paise at 68.25 against the American currency in early trade today as the dollar gained strength overseas. Forex dealers said increased demand for the US currency from importers and the dollar’s gains against other currencies overseas put pressure on the rupee.
They said, however, a firm domestic equity market capped the rupee's losses. Yesterday, the rupee had ended 3 paise higher at 68.18 against the American currency in a rangebound trade amid weak dollar overseas. Meanwhile, the benchmark BSE Sensex recaptured the 27,000-mark by surging 151.01 points, or 0.56 per cent, to 27,050.57 in the opening trade.
(Source: The Hindu Businessline)