Rupee down by 6 paise against US dollar in early trade
The Indian rupee had shot up by 32 paise to end near a two-month high at 44.95/96 per US dollar in the previous session on Tuesday, supported by a sharp spurt in stocks amid sustained selling of the American currency by exporters and banks.
The Indian rupee fell by 6 paise to Rs45.01 per US dollar in early trade at the Interbank Foreign Exchange today, weighed down by a weak opening on the stock market.The Indian rupee had shot up by 32 paise to end near a two-month high at 44.95/96 per US dollar in the previous session on Tuesday, supported by a sharp spurt in stocks amid sustained selling of the American currency by exporters and banks.The forex market was closed yesterday on account of the Hindu festival of Mahashivratri.Forex dealers said a lower opening in the stock market mainly put pressure on the rupee.Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 147.66 points, or 0.80%, to 18,298.84 in opening trade today.