Mumbai: The rupee depreciated 5 paise to 64.09 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.
Forex dealers said fresh demand for the dollar from importers also weighed, but a higher opening in the domestic equity market limited rupee’s fall.
The rupee had recovered 9 paise to close at 64.04 against the US dollar in yesterday’s trade on fresh selling of the greenback by banks and exporters on hopes of fresh foreign capital inflows into equity markets.
Meanwhile, the benchmark Sensex rose 77.66 points, or 0.27 per cent, to 28,264.72 in early trade.
PTI