Rupee down 4 paise against dollar

The rupee weakened by 4 paise to quote at 68.19 against the dollar in early trade at the Interbank Foreign Exchange market today on month-end demand for the American currency from importers and banks.

The dollar was firm against major global currencies, which dampened rupee sentiment, but a higher opening of the domestic equity market capped the fall, dealers said.

On Tuesday, the rupee made a modest recovery to end higher by 5 paise at 68.15 against the American greenback in yet another day of extremely thin and lethargic trade.

Meanwhile, the benchmark BSE Sensex rose 105.92 points, or 0.38%, to 27,481.50 in early trade.