Rupee Falls By 16 Paise Against Dollar

26/10/2015 12:47 PM IST | Updated 15/07/2016 8:25 AM IST
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Stack of Indian Rupee

MUMBAI -- The rupee depreciated by 16 paise to 64.99 against the US currency in early trade today due to strong demand for the dollar from importers.

The rupee had closed at 64.83 against the dollar at the Interbank Foreign Exchange on Friday last.

Dealers attributed the rupee's fall to increased demand for the US currency from importers. However, a higher opening in the domestic equity markets capped the losses.

Meanwhile, the benchmark BSE Sensex rose 147.33 points, or 0.53 per cent, to 27,618.14 in early trade.

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