Rupee slides 13 paise against dollar in early trade

Rupee5-001

Mumbai, Apr 4: The Indian rupee depreciated by 13 paise to 60.29 against the US dollar in early trade Friday at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Euro’s weakness against the US dollar overseas and lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

The rupee had lost 26 paise to close at 60.16 against the dollar Thursday on fresh dollar demand from banks and importers in view of the US currency gaining overseas and weakness in local equities.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex fell by 78.67 points, or 0.35 per cent, to trade at 22,430.40.