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Rupee down 18 paise vs dollar in early trade on Friday

Friday, 20 June 2014 - 9:34am IST | Place: Mumbai | Agency: PTI

The rupee lost 18 paise to 60.26 against the dollar in early trade on Friday at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.

Forex dealers attributed the rupee's fall to increased dollar demand from importers amidst rising global crude prices but said that a higher opening in the domestic equity market and euro's strength against the US currency capped the fall to some extent.

The rupee rose 31 paise on Thursday, logging its best single-day gain in over a month, to end at 60.08 as the American currency weakened on US Fed keeping its policy of ultra-row interest rates intact.

Meanwhile, the benchmark BSE Sensex rose by 45.08 points, or 0.18%, to 25,246.88 in early trade on Friday. 

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