Rupee down 4 paise at 55.58 against dollar


04/06/2012 07:32 AST  The Hindu Business Line

The rupee lost four paise to 55.58 against the US dollar in early trade today as the American currency gained strength against the euro and other Asian currencies.

Forex dealers said besides the dollar’s gains in the overseas market, a weak opening in the stock market following capital outflows, also put pressure on the local unit.

The rupee had gained 54 paise to end at 55.54 against the dollar on Fridays on persistent dollar selling by exporters amid RBI hinting at opening a separate dollar window for oil firms.

Meanwhile, the BSE benchmark Sensex fell 161.62 points or 1.01 per cent at 15,803.54 in early trade today.

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