Rupee down 28 paise against dollar

June 08, 2015 10:05 am | Updated May 23, 2016 06:41 pm IST - Mumbai

The rupee weakened 28 paise to trade at 64.03 against the dollar in early trade on Sunday at the Interbank Foreign Exchange on capital outflows by foreign funds.

Furthermore, increased demand for dollar from importers and banks weighed on the local currency, forex dealers said.

The dollar was trading near 13-year highs against the yen overseas after strong U.S. employment data bolstered hopes for an early interest rate hike by the Federal Reserve.

The rupee had closed 25 paise higher at 63.75 against the U.S. dollar in the previous session on Friday.

Meanwhile, the benchmark BSE Sensex recovered 58.57 points, or 0.21 per cent, to 26,827.06.

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