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Rupee Runs Up More Losses, Down 8 Paise Against Dollar

Press Trust Of India

First published: October 6, 2016, 11:07 AM IST | Updated: October 6, 2016
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Rupee Runs Up More Losses, Down 8 Paise Against Dollar
File photo of rupee.

Mumbai: The rupee weakened further by 8 paise to 66.59 against the dollar on Thursday following increased demand for the American currency from importers.

Forex dealers said strength of the dollar overseas also weighed, but a higher opening in the domestic equity market capped the losses.

On Wednwsday, the rupee had lost 5 paise to end at 66.51, halting its rally of three straight sessions on fresh demand for the American currency from importers and banks amid a bout of global risk aversion.

The benchmark BSE Sensex recovered 103.56 points, or 0.36 per cent, to 28,324.54 in early trade on Thursday.

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