Rupee breaches 61-level, down 30 paise against dollar

Mumbai, April 23: The rupee breached the 61-level by falling 30 paise to trade at over one-month low of 61.06 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Forex dealers said increased demand for the US currency from importers continued to put pressure on the rupee but a higher opening in the domestic stock market and the dollar's weakness against other currencies overseas limited the fall.

The domestic currency had declined by 17 paise to close at nearly one-month low of 60.76 against the dollar due to sustained demand for the US currency from importers amid some weakness in local stocks in yesterday's trade.

Meanwhile, the benchmark BSE Sensex shot up by 111.48 points, or 0.48 per cent, to hit a new record-high of 22,869.85 in early trade today.

PTI