Rupee slips 22 paise against US dollar in early trade

DN Bureau

The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks.

Representational image
Representational image

Mumbai: The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks.

At the interbank foreign exchange market, the rupee opened lower at 69.32 and weakened further to 69.37 to the US dollar. However, it recovered partially to quote at 69.36 against the dollar at 0912 hours.

Also Read: Gold rises on jewellers' buying

The Indian unit had appreciated by 16 paise on Friday to close at 69.14.  The forex market was closed on Monday.

Meanwhile, the BSE benchmark Sensex was quoted above 39,000-level and the NSE Nifty went past the key 11,700-mark in early deals on Tuesday.(PTI)

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