Mumbai: Today the Indian Rupee was buying and selling inferior by 18 paise at 66.90 next to the US dollar in early trade on superior demand for the American currency from importers and banks amid an inferior commencing in the domestic equity market.
Dealers accredited the rupee's depreciated to augmented demand for the US currency, but dollar's weakness next to some currencies abroad restricted the losses. The rupee had concluded superior by 12 paise at 66.72 next to the US currency in yesterday's buy and sell on dollar selling by banks and exporters on the back of persistent foreign capital inflows.
For now, the benchmark BSE Sensex drops 73.70 points or 0.27 per cent to 27,701.18 in early deals. At 9.40 am, Sensex was trading 17.66 points down at 27,757.22, whereas NSE Nifty was trading 14.20 points down at 8,561.10. Dollar was trading weak as compared to other emerging currencies as hopes that US Federal Reserve will raise interest rates this year faded. This capped rupee’s drop.