Rupee down 3 paise against dollar in early trade

Mumbai, May 9: The Indian rupee on Friday fell marginally by 3 paise to 60.10 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

Dealers attributed the domestic currency’s fall to dollar gains against other currencies overseas, but a higher opening in the domestic equity market capped rupee’s losses.

The rupee had gained 6 paise to close at 60.07 against the dollar in yesterday’s trade on fresh selling of the American currency by banks and exporters in view of strong capital inflows.

Meanwhile, the benchmark BSE Sensex was up by 38.72 points, or 0.17 per cent, at 22,382.76 in early trade today.