MUMBAI: The rupee lost 9 paise to 66.41 against the US dollarin early trade on Thursday at the Interbank Foreign Exchange due to appreciation in the US currency overseas.
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Besides, a fresh demand for the US currency from importers and banks also weighed on the domestic currency, forex dealers said.
However, early gains in domestic stock markets capped the rupee losses to some extent, they said.The rupee had ended 15 paise higher at 66.32 against the US dollar on Tuesday amid lower greenback in overseas markets.
Forex market remained closed yesterday on account of "Gurunanak Jayanti".
Meanwhile, the benchmark BSE Sensex advanced by 103.98 points, or 0.40 per cent, to 25,879.72 in early trade on Thursday.
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Besides, a fresh demand for the US currency from importers and banks also weighed on the domestic currency, forex dealers said.
However, early gains in domestic stock markets capped the rupee losses to some extent, they said.The rupee had ended 15 paise higher at 66.32 against the US dollar on Tuesday amid lower greenback in overseas markets.
Forex market remained closed yesterday on account of "Gurunanak Jayanti".
Meanwhile, the benchmark BSE Sensex advanced by 103.98 points, or 0.40 per cent, to 25,879.72 in early trade on Thursday.
Source - TOI
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