Rupee down 5 paise against dollar in early trade

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Rupee-Dollar
Interbank Rupee rate Vs US Dollar
67.492United States Dollar
Mumbai, May 21: The rupee today fell marginally by 5 paise to 54.47 against the US dollar in early trade on the Interbank Foreign Exchange due to increased demand for the American currency from importers.

Forex dealers said firm demand from importers for the dollar, mainly put pressure on the domestic unit.

The rupee had ended higher by 5 paise at 54.42 against the dollar in the previous session after touching 54.91, its fresh all-time low as fund outflows continued amid euro-zone worries.

Meanwhile, the BSE benchmark Sensex rose by 76.53 points, or 0.47 per cent, at 16,229.28 in early trade. 

PTI

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