Rupee sheds 29 paise against US Currency

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Rupee sheds 29 paise against US Currency
Rupee sheds 29 paise against US Currency
Rupee sheds 29 paise against US Currency

The rupee declined 29 paise to 64.16 against the dollar in early trade at the Interbank Foreign Exchange due to a rise in the greenback against other currencies overseas.

Dealers attributed the fall to the dollar’s gains after China devalued yuan, which pushed up demand from importers for the US currency.

The rupee had lost 6 paise to 63.87 against the dollar in Monday’s trade on fag-end demand for the greenback from importers.

Meanwhile, the benchmark BSE sensex was trading higher by 103.40 points, or 0.36 per cent, at 28,205.12 in early trade on Tuesday.