MUMBAI: The rupee weakened 15 paise to 66.96 against the US dollar in early trade at the Interbank Foreign Exchange on Friday following increased demand for the American currency from banks and importers.
Moreover, the US dollar’s gain against some currencies overseas put the rupee on the backfoot, forex dealers said.
However, a higher opening of the domestic equity market capped the rupee’s losses.
I am looking those thugs who are dreaming the Indian rupees to see 40 level against USD, if Modi became PM. Where reality is despite lowest Oil price in decade Rupees even not coming below 60 in last two years.Samijsr
The rupee had lost 5 paise to end at 66.81 per dollar on Thursday on fresh demand from banks and importers for the US currency despite firm domestic equity markets.
Meanwhile, the benchmark BSE Sensex rose further by 88.86 points or 0.31 per cent to 28,212.30 in early trade.