Rediff.com« Back to articlePrint this article

Rupee depreciates 4 paise vs US dollar

December 30, 2015 10:08 IST

Money

 

The rupee weakened by another 4 paise to 66.44 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers.

Forex dealers said mainly sustained month-end demand from banks and importers weighed.

A weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, however, limited the fall.

On Tuesday, snapping its eight-day long winning streak against the American currency, the rupee had dropped by 21 paise to 66.40.

© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.