Mumbai: The rupee weakened by 8 paise to
65.15 against the US dollar in early trade today at the
Interbank Foreign Exchange on increased demand for the
American currency from banks and importers.
Dealers attributed the rupee's fall to the dollar's
strength against some other currencies overseas and unabated
foreign fund outflows.
Domestic stocks soaring to record highs after the
government's unprecedented Rs 2.11 lakh crore bank
recapitalisation road map capped the fall, they added.
Yesterday, the rupee had shed 5 paise to close at 65.07
against the dollar.
The benchmark BSE Sensex zoomed by 509.99 points, or 1.56
per cent to trade at an all-time high of 33,117.33 and the NSE
Nifty rallied 132.85 points, or 1.30 per cent to quote at a
fresh life-time high of 10,340.55.
