Rupee falls six paise to 67.48 against dollar

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The rupee shed six paise to 67.48 against the US dollar in early trade on Tuesday at the interbank foreign exchange following fresh demand for the American currency from banks and importers amid dismal output data for October.

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Moreover, the US dollar’s gains against some currencies overseas put the rupee on the backfoot, forex dealers said.

However, a higher opening of the domestic equity market capped the rupee’s fall.
The rupee had retreated from a near one-month high by falling six paise to close at 67.42 against the dollar on Friday as sentiment turned bearish ahead of the Federal Reserve’s decision on US rate.

Forex market had remained closed on Monday for Eid-e-Milad.

(With inputs from PTI)

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