Mumbai: The rupee was trading lower by 2
paise at 64.91 against the dollar in opening trade today as the
American unit strengthened overseas amid foreign fund outflows.
Forex dealers said increased demand for the US currency
from importers and the greenback's gains against other
currencies overseas after news of potential US tariff
exemptions put pressure on the rupee.
In the opening session, the
domestic unit fell by 2 paise to 64.91. Yesterday, it had gained 7
paise to close at a one-week high of 64.89 against the US currency due
to sustained dollar selling by exporters and banks.
Meanwhile, the benchmark BSE Sensex rose 273.75 points,
or 0.82 per cent, to 33,306.84 in early trade today.
PTI
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