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Rupee sheds 34 paise against dollar in early trade
Forex dealers said besides strengthening of dollar overseas, rupee fell for the fourth straight session on increased demand for the American currency from importers along with a weak opening in the domestic equity market.
The rupee had ended lower by 31 paise at 55.65 against the dollar in the previous session on Tuesday on sustained dollar buying by importers and worries over higher trade deficit in July.
The forex market remained closed yesterday on account of Independence Day. Meanwhile, the BSE benchmark Sensex fell by 19.49 points, or 0.11 per cent, at 17,708.71.
PTI
