Rupee declines 8 paise against dollar in early trade

The rupee weakened by 8 paise to trade at 63.61 against the US dollar in opening session today due to increased demand for the American currency from importers.

By :  migrator
Update: 2018-01-04 04:24 GMT

Mumbai

The dollar's gains against major world currencies after a strong US manufacturing data also impacted the rupee sentiment, a currency dealer said.

Yesterday, the rupee had retreated from its multi-year high and ended marginally lower by 5 paise at 63.53 against the US currency.

Meanwhile, the benchmark BSE Sensex recovered by 123.37 points, or 0.36 per cent, at 33,916.75 in early trade today.

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