Rupee down 11 paise against dollar

Tags: News
Falling for the fourth straight day, the rupee today weakened by another 11 paise to 60.64 against the US currency in early trade at the Interbank Foreign Exchange market due to dollar's gains against other rivals overseas.

Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.

EDITORIAL OF THE DAY

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    There is little point in shedding tears over Britain’s exit from the European Union (EU).

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