Rupee down 2 paise Vs dollar in early trade

Mumbai, Jul 17: The rupee fell marginally by two paise to 60.14 against the dollar in early trade today on increased demand for the US currency from banks and importers.

Dealers said increased demand for dollar from importers mainly put pressure on the local unit but a higher opening in the domestic equity market and gains in other currencies overseas against the dollar capped the losses.

The rupee ended flat at 60.12 against the dollar in yesterday’s trade on alternate bouts of demand and supply. Meanwhile, the benchmark BSE Sensex rose 60.75 points, or 0.23 per cent, to 25,610.47 in early trade today.