Rupee falls 47 paise to 69.82 against US dollar in early trade
Business / Rupee falls 47 paise to 69.82 against US dollar in early trade
Business - Rupee falls 47 paise to 69.82 against US dollar in early trade
The rupee fell sharply by 47 paise to 69.82 against the US dollar in early trade Monday on higher demand for the greenback from importers and banks. Forex dealers said besides increased demand of US currency from importers, lower opening of the equity markets weighed on the rupee. The domestic unit opened lower at 69.78 against the dollar then dropped further to quote at 69.82, down 47 paise over its previous close.