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Extending its losses for the third straight day, the rupee fell by another 15 paise to 62.41 a dollar in early trade today on the Interbank Foreign Exchange market as the US currency strengthened overseas. PTI File Photo.
Extending its losses for the third straight day, the rupee fell by another 15 paise to 62.41 a dollar in early trade today on the Interbank Foreign Exchange market as the US currency strengthened overseas.
Forex dealers said besides dollar's gains against other currencies overseas, a weak opening in the domestic stock market put pressure on the rupee.
The domestic unit had lost 36 paise to close at one-month low of 62.26 against the US dollar in yesterday's trade on demand from importers, amid weak local equities.
Meanwhile, the benchmark BSE Sensex declined by 109.65 points, or 0.52 per cent, to 20,778.68.
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