IE:Indian rupee down 22 paise against US dollar in early trade
The Indian rupee weakened by 22 paise to trade at 61.45 against the dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.
Forex dealers said besides dollar's gains against other overseas currencies after a US Federal Reserve policy statement gave a better-than-expected outlook on economic conditions, month-end demand from importers for the American currency and a lower opening in the stock market also put pressure on the Indian rupee.
The Indian rupee gained 8 paise to close at over two-week high of 61.23 against the US dollar in the previous session.
Meanwhile, the BSE Sensex slipped below 21,000 level by falling 37.28 points, or 0.18 per cent, to 20,996.69 in early trade today.
