Rupee down 12 paise against dollar in early trade
Continuing its fall for the fifth straight day, the rupee lost another 12 paise to trade at a fresh 10-month low of 62.45 against the US dollar in early trade today at the Interbank Foreign Exchange due to sustained demand for the American unit from importers. The rupee had plummeted to a 10-month low of 62.33 against the greenback, down 31 paise in yesterday's trade, on strong dollar demand due to oil firms stepping up purchases of crude oil which is trading near 5- year lows. Meanwhile, the BSE benchmark Sensex recovered by 64.20 points, or 0.23 per cent, to 27,766.21 in early trade today.
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