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Rupee down 4 paise against Dollar in early trade

The Rupee weakened by 4 paise to 64.20 against the US Dollar in early trade on Friday on increased month-end…

Rupee down 4 paise against Dollar in early trade

(Photo: Getty Image)

The Rupee weakened by 4 paise to 64.20 against the US Dollar in early trade on Friday on increased month-end demand for the American currency from importers at the Interbank Foreign Exchange.

Moreover, the US Dollar's gain against other currencies overseas and a lower opening of the domestic equity market put pressure on the Rupee, Forex dealers said.

The Rupee had eased from a 21-month high to close 5 paise lower at 64.16 against the Dollar on April 27 trade on fresh demand for the American currency from importers.

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Meanwhile, the benchmark BSE Sensex fell by 82.21 points, or 0.27 per cent, to 29,947.53 in early trade.

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