Rupee drops 4 paise against dollar in early trade

RUPEE

Mumbai, June 25 (PTI) The rupee declined by 4 paise to
46.53 against the US currency in morning trade on capital
outflows from equities by foreign funds.
The rupee resumed lower at 46.53 per dollar at the
Interbank Foreign Exchange market from Thursday's closing
level of 46.49/50 per dollar.
Weakness in other Asian currencies against the dollar
also put pressure on the rupee.
Forex dealers said weak opening on the stock markets and
dollar's gain against Asian currencies put pressure on the
rupee sentiment.
Meanwhile, the Bombay Stock Exchange index Sensex tumbled
91.64 points, or 0.51 per cent, at 17,638.60. PTI SUN
RDM


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