Rupee declines by 8 paise against US dollar in early trade
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The Indian rupee shot past the Rs 53 per US dollar-mark in early trade today, losing 8 paise to Rs 53.05 per dollar amid foreign capital outflows and dollar gains against the euro and other rivals overseas, coupled with a lower opening in the domestic equity market.
The rupee had closed 5 paise higher at Rs 52.97/98 per US dollar on the Interbank Foreign Exchange yesterday on fag-end dollar-selling by some banks and exporters.
Dealers said weakness of the euro and other Asian currencies against the dollar overseas and a lower opening in the domestic stock market mainly put pressure on the rupee in early trade.
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Meanwhile, the BSE benchmark Sensex fell by 72.57 points, or 0.46 per cent, to 15,655.28 in opening trade today.
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