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  Business   Market  07 Jun 2017  Rupee trades lower in early trade

Rupee trades lower in early trade

PTI
Published : Jun 7, 2017, 10:00 am IST
Updated : Jun 7, 2017, 10:00 am IST

Rupee was trading lower by 8 paise at 64.51 against the US dollar.

Representational Image
 Representational Image

Mumbai: The rupee was trading lower by 8 paise at 64.51 against the US dollar in early trade today at the forex market amid caution ahead of the RBI's bi-monthly policy meet outcome due later in the day.

Forex dealers said increased demand for the US currency from importers as also the greenback's gains against rivals overseas put pressure on the rupee. Yesterday, the rupee had ended 7 paise lower at 64.43 against the US dollar.

 

Meanwhile, the benchmark BSE Sensex was trading higher by 99.42 points, or 0.31 per cent, at 31,289.98 in opening deals.

Tags: rupee, dollar, forex market