Rupee down 7 paise against dollar
Jun 03 2014 , Mumbai
Forex dealers said besides dollar's gains against other currencies overseas, increased demand for the American currency from importers put pressure on the rupee.
They said, however, a higher opening in the domestic equity market ahead of RBI policy meeting capped the rupee's losses.
The rupee had lost 4 paise to close at 59.15 against the US dollar in yesterday's trade due to sustained demand for the US currency from importers, amid firm dollar overseas.
Meanwhile, the benchmark BSE Sensex rose by 70.89 points, or 0.29 per cent, to 24,755.74 in early trade today.