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Indian rupee down 10 paise against US dollar in early trade |
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The rupee today lost 10 paise to Rs 54.46 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against euro overseas.
Increased month-end demand for the dollar from importers also put pressure on the rupee.
Dealers attributed the rupee's fall to dollar gains against the euro overseas and a lower opening in the stock market.
The rupee had lost 19 paise to close at Rs 54.36 on Tuesday against the dollar due to month-end demand for the US currency from importers. The forex market remained closed yesterday for holi festival.
Meanwhile, the BSE benchmark Sensex fell by 58.85 points, or 0.31 per cent, at 18,645.68 in early trade today.
Source : indianexpress.com
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