Rupee down 2 paise vs dollar in early trade

July 17, 2014 10:58 am | Updated 10:58 am IST - Mumbai

The rupee fell marginally by two paise to 60.14 against the dollar in early trade on Thursday on increased demand for the US currency from banks and importers.

Dealers said increased demand for dollar from importers mainly put pressure on the local unit but a higher opening in the domestic equity market and gains in other currencies overseas against the dollar capped the losses.

The rupee ended flat at 60.12 against the dollar in Wednesday’s trade on alternate bouts of demand and supply.

Meanwhile, the benchmark BSE Sensex rose 60.75 points, or 0.23 per cent, to 25,610.47 in early trade on Thursday.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.