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Rupee down 27 paise against US dollar in early trade

Friday, 11 April 2014 - 9:47am IST | Agency: PTI

The rupee fell by 27 paise to 60.34 against the US dollar in early trade Friday at the Interbank Foreign Exchange market on demand for the American currency from importers amidst its higher value overseas.

Forex dealers said besides dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.

Thursday, the rupee strengthened by 7 paise to close at 60.07 against the US currency, which quoted lower in overseas markets.

Meanwhile, the benchmark BSE Sensex fell by 149.30 points, or 0.66 per cent, to 22,566.03 in early trade Friday.

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