Rupee falls by four paise in early trade

A file picture of currency notes. Photo: K. Pichumani

Rupee snapped its four-session gaining streak in the early trade today and depreciated by four paise to Rs 44.74 a dollar, as the US currency strengthened against major currencies.

The dollar’s gains against other major currencies weighed down the rupee, but higher opening at the stock markets capped the losses, dealers said.

The rupee had ended 26 paise higher at Rs 44.70/71 a dollar in the previous trade, on selling of dollars by banks and exporters.

Meanwhile, the BSE Sensex today opened 153.77 points up at 20,662.86 level.