Rupee down 3 paise against dollar in early trade

A weak dollar against major global currencies capped the losses, Forex dealers said

April 17, 2017 10:12 am | Updated 10:14 am IST - Mumbai

Representative image.

Representative image.

The rupee was trading lower by 3 paise at 64.44 against the U.S. dollar in early trade on Monday on foreign fund outflows amid increased demand for the American currency from importers and a lower opening of the domestic equity market.

However, a weak dollar against major global currencies capped the losses, Forex dealers said.

The domestic unit closed higher by 26 paise at 64.41 in the previous session on Thursday on account of fresh selling of the American currency by exporters, besides a weakness in the greenback overseas.

Forex market remained shut on Friday on account of ’Dr. Babasaheb Ambedkar Jayanti’ and ‘Good Friday.’

Meanwhile, the benchmark BSE Sensex shed 24.78 points, or 0.08%, to 29,436.67 in early deals.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.