Rupee declines 3 paise against US dollar in early trade

Continuing its slide for the third straight day, the rupee weakened by another 3 paise to trade at 68.97 against the US dollar.

Mumbai: Continuing its slide for the third straight day, the rupee weakened by another 3 paise to trade at 68.97 against the US dollar in opening session today due to increased demand for the American currency from importers.

Yesterday, the rupee dropped by 8 paise to close at 68.94 against the US currency due to sustained dollar demand from importers even as local equities hit a record high.

Meanwhile, the benchmark BSE Sensex rose by 102.97 points, or 0.27 per cent, to quote an all-time high of 36,928.06 in opening trade today.(PTI)