Mumbai: The rupee was trading lower by 10 paise at 66.83 against the dollar in early trade on sustained foreign fund outflows amid increased demand for the US currency from importers.
Moreover, lower opening in domestic equities also weighed on the domestic currency, dealers said.
The dollar was weak against major global currencies, capping the rupee losses, they added.
The rupee had lost 4 paise to close at 66.73 per dollar in yesterday’s trade on firm demand for the American unit from importers.
Mumbai News: 51-Foot Idol Of Shri Vitthal Maharaj Unveiled At Navghar Lake In Bhayandar East
Panvel Man Duped Of ₹70,000 While Filing Complaint Over Delayed Delivery
Mumbai News: Chandivali Residents Raise Alarm Over Rising Crime, Urge Police Action
Mumbai Congress Unveils Clean Air Action Plan, Vows To Cut AQI To 40–60 In Five Years
Meanwhile, the benchmark BSE Sensex was trading lower by 98.89 points or 0.38 per cent to 25,431.22 in early deals.
