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Rupee down 13 paise vs dollar in early trade on May 21

Wednesday, 21 May 2014 - 9:38am IST | Agency: PTI

The rupee today weakened by 13 paise to trade at 58.76 in early trade at the Interbank Foreign Exchange market due to increased dollar demand from importers.

A lower opening at the domestic equity market due to profit-booking, and dollar's gain against euro overseas also put pressure on the rupee, traders said.

The rupee had retreated four paise from its 11-month high levels to close at 58.63 against the dollar yesterday on fresh demand for the US currency from importers, amid some profit- booking in stocks.

Meanwhile, the BSE benchmark Sensex fell by 46.88 points, or 0.19%, at 24,330.00.

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