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Rupee down 8 paise to 60.21 against dollar in early trade

Last Updated: Wednesday, July 30, 2014 - 09:47

Mumbai: The rupee depreciated by 8 paise to 60.21 against the US dollar in early trade on Wednesday, extending losses for the fourth day at the Interbank Foreign Exchange market due to month-end demand for the American currency from importers.

The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

The rupee had weakened by 3 paise to end at nearly a one-week low of 60.13 against the dollar on Monday. Forex market remained closed yesterday on account of "Id-ul-Fitr".

Meanwhile, the benchmark BSE Sensex fell 61.40 points, or 0.29 per cent, to 25,929.83 in early trade today.

First Published: Wednesday, July 30, 2014 - 09:47
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