Continuing its decline for four consecutive sessions, the Indian According to dealers, the US dollar’s improved performance against other foreign currencies and an increase in the American currency’s year-end demand from importers led to this fall. However, a higher opening in the domestic equity market helped contain the losses.
It is pertinent to mention here that rupee had declined by 6 paise to end at Rs 63.57 against the US dollar in Friday’s trade.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex jumped by 265.47 points (0.97%) to reach 27,507.25 in early trade.