The rupee fell by 5 paise to Rs 44.55 against the US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by a weak trend in the stock market but steady FII inflows restricted the losses.
The domestic unit had tumbled by 12 paise to close at 44.50/51 per dollar in the previous session, following fresh dollar demand from importers amid sluggish equities.
Forex dealers said lower opening in the stock market put pressure on the rupee sentiment.
Comments
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 TheHindu Businessline 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.