Mumbai, Dec 8 (PTI) The rupee weakened by 17 paise to 61.94 against the US dollar in early trade today on fresh demand for the American currency from banks and importers.
Gains in the US dollar against major global currencies after data last week showed a better-than-expected jump in US jobs creation put pressure on Indian unit, dealers said.
Fresh demand for the American unit from importers also weighed on the rupee.
Besides, a lower opening of the domestic equity markets, weighed the rupee, they said.
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
Meanwhile, the benchmark BSE Sensex fell by 77.17 points, or 0.27 per cent, to 28,380.93 in early trade.
Arjun joins Dua Lipa, Jason Derulo to raise COVID-19 relief funds
Actor Kiran Kumar tests negative for COVID-19
Animation series on Salman Khan’s ‘Dabangg’ in the works
Salma Hayek says daughter Valentina may follow in her acting footsteps
Actor Kiran Kumar tests positive for COVID-19
© 2020 State Times Daily Newspaper