Rupee depreciates 10 paise against US dollar in early trade

Press Trust of India  |  Mumbai 

The weakened by 10 paise to 63.94 against the US in early trade today at the interbank foreign exchange on increased demand for the American from importers and banks. Forex dealers said the dollar's gains against major world currencies overseas weighed on the sentiment. However, a record opening in the domestic equity market capped the rupee's losses, they said. On Friday, the had gained two paise to end at 63.84 against the in highly volatile trade despite the outlook for the US remaining lacklustre. Meanwhile, the benchmark BSE Sensex rose by 100.53 points, or 0.28 per cent, to 35,612.11 in opening trade today.

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First Published: Mon, January 22 2018. 09:40 IST