Rupee retreats from 2-1/2 year high; down 8 paise vs USD

The rupee retreated from 2-1/2 year high level to trade lower by 8 paise at 63.56 against the US currency in opening session on some dollar buying by importers and banks.

Mumbai: The rupee retreated from 2-1/2 year high level to trade lower by 8 paise at 63.56 against the US currency in opening session on some dollar buying by importers and banks.

Yesterday, the rupee closed at nearly 2-1/2 year high of 63.48, surging by 20 paise against the US dollar as the bullish momentum continued strongly for the fourth-straight day driven by upbeat hopes for economy.

Meanwhile, the Sensex rose 158.35 points, or 0.46 per cent, to 33,970.61 in early trade.