The rupee on Friday depreciated by 2 paise against the U.S. currency in early trade following weak stock markets and mild dollar demand from importers.
At the Interbank Foreign Exchange (Forex) market, the domestic unit traded lower by 2 paise at 46.37 a dollar.
Dealers said that weakness in equity markets and some dollar demand by importers weighed on the rupee sentiment.
ADVERTISEMENT
The U.S. currency firmed up against other major global currencies which also influenced the trading sentiment.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.