Rupee weakens by 5 paise

Rupee depreciated by 5 paise to 67.25 against the US dollar in early trade at the Interbank Foreign Exchange market due to sustained demand for the American currency from importers and banks.

Dealers attributed the rupee’s fall to increased demand for the American unit from importers and dollar’s strength against some other currencies overseas. However, a higher opening in the domestic equity market capped the losses.

The rupee had ended lower by 10 paise to 67.20 against dollar in yesterday’s trade due to fresh demand for the greenback from importers and banks.

Meanwhile, the benchmark BSE Sensex advanced by 72.87 points, or 0.26 per cent, to 27,988.76 in early trade.