Rupee dwindles 6 paise against the dollar in the early trade

The Indian National Rupee shed 6 paise to 61.77 a dollar in an early trade on Tuesday at the interbank foreign exchange market as the US Dollar again claimed its high position in the world economy.

The rupee in turn let down the two month long expectations where it had jumped by 16 paise at over 2 month high of 16.71

The reason for this lapse being the increase demand for the American unit from importers put a great shear on the rupee. On the other hand, a high opening in the domestic markets outshined the losses.

Concurrently, the benchmark BSE sensex was trading higher by 112.16 points, or 0.40 per cent, at 28,374.17 in early trade.

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About Sanika Govekar

An avid reader with a love for English, an achiever; she has a burning desire to succeed. She wants to make a difference to the society and strongly believes that self-discipline and a monumental work ethic can beat natural ability. Aim to Major in Economics.