Business

Rupee Declines 16 Paise Against Dollar In Early Trade

न्यूज़ वर्ल्ड इंडिया | 0
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| October 20 , 2015 , 10:23 IST
Snapping its four-day rising streak, the rupee fell 16 paise to 64.96 against the dollar in early trade due to fresh dollar demand from importers. Besides, a weak opening in the domestic equity market put pressure, dealers said. A weakness in the US dollar against major world currencies in the global market, however, limited the rupee fall, they said. The domestic currency had gained 1 paisa to close at 64.80 in the previous session on selling of dollars by banks and exporters in view of a firm trend in the stock market. Meanwhile, the benchmark BSE Sensex fell 27.97 points, or 0.10 per cent, to 27,336.95 in early trade today.