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Rupee Down 2 Paise Against Dollar in Early Trade

Press Trust Of India

First published: September 20, 2016, 9:44 AM IST | Updated: September 20, 2016
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Rupee Down 2 Paise Against Dollar in Early Trade
A street side restaurant owner holds a bundle of Indian currency notes in New Delhi. (Reuters)

Mumbai: The rupee weakened by 2 paise to 66.98 against the dollar in early trade at the Interbank Foreign Exchange market on Tuesday on fresh demand for the American currency from importers.

Forex dealers said the strength in dollar against some currencies overseas and weakness in domestic equities in the opening trade also weighed on the rupee.

The rupee had settled almost flat at 66.96 against the American currency in a highly volatile trade on Monday, ahead of a crucial US Fed meeting.

The benchmark BSE Sensex fell by 50.70 points, or 0.17 per cent, to 28,583.80 in early trade on Tuesday.

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