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 in Thursday’s trade on fresh demand for the American currency from importers.
