MARKET HEADLINES
Rupee down 4 paise to 63.29 against dollar in early trade
The rupee depreciated by four paise to 63.29 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers. The rupee had gained five paise to close at 63.25 against the dollar in yesterday's trade on fresh selling of the US currency by exporters amid bullish stocks. Meanwhile, the benchmark BSE Sensex rose by 49.46 points, or 0.18 percent, to 27,751.25 in early trade today.
Rupee weakens further to 63.41 on month-end dollar demand from oil firms
Rupee was trading higher at 63.4175/4250 vs Monday's close of 63.24/25. Month-end dollar demand from oil companies fueled gains.Dollar rose on expectations of a rate hike by US Fed sometime next year.Pair was seen in 63.25 to 63.45 range during the day.
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