Mumbai: The rupee today depreciated by 13
paise to trade at 64.39 against the US dollar on increased
demand for the American currency from importers and banks.
Dealers said early losses in domestic equity markets and
increased foreign fund outflows weighed on the rupee.
The dollar, however, was trading weak against Asian
currencies after its overnight losses against the euro and the
pound which capped its losses.
The rupee moved in a range of 64.33 to 64.40 in early
trade.
Yesterday, the rupee had closed marginally up 2 paise at
64.26 against the US dollar in line with a good recovery in
equity markets.
Foreign investors sold shares worth Rs 2,297 crore on net
basis yesterday.
The benchmark BSE Sensex crashed 563.51 points, or 1.63
per cent, to 33,849.65, while Nifty tanked by 178.65 points,
or 1.68 per cent, to 10,398.20 in opening trade.
PTI
