Rupee drops 5 paise against dollar in early trade on Friday

Posted by On March 20, 2015 0 Comment

Mumbai: The rupee depreciated by five paise at 62.57 against the US dollar in early trade on fresh demand for the American currency from importers.

Besides, a lower opening in domestic equity markets put pressure on the local unit, forex dealers said.
The rupee had gained 17 paise to end at 62.52 against the US dollar.

Meanwhile, the benchmark BSE Sensex fell by 136.92 points, or 0.48 per cent, at 28,332.75 in early trade on Friday.

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Source:Ibnlive

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