MUMBAI: On Thursday the Indian rupee was trading inferior by 29 paise at 66.82 next to the American currency in early buy and sell at the Interbank Foreign Exchange market as the dollar strengthened abroad amid an inferior commencing of the domestic equity market.
Forex dealers has also further conveyed augmented demand for the US currency from importers and the greenback’s increase alongside other currencies overseas following minutes of the Federal Reserve’s previous meeting pointed at an interest rate increase this year, put pressure on the rupee.
On Monday, the rupee had raised 15 paise to conclude at 66.53 against the American currency on hopes of more foreign capital inflows. On Tuesday and Wednesday Forex market remained closed on account of Dussehra and Muharram, correspondingly.
Meanwhile, the benchmark BSE Sensex drop by 265.21 points, or 0.94 per cent, to 27,817.13 in near the beginning buy and sell on Thursday.